Top Industrial Disributor Stocks To Own For 2015: Capstead Mortgage Corporation (CMO)
Capstead Mortgage Corporation operates as a self-managed real estate investment trust. It invests in leveraged portfolio of residential mortgage pass-through securities consisting of adjustable-rate mortgage securities issued and guaranteed by government-sponsored enterprises or by an agency of the federal government. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 1985 and is headquartered in Dallas, Texas.
Advisors' Opinion:- [By Amanda Alix]
In a show of bravado, several mREITs have declared dividends within the past week, with nary a decrease in sight. Capstead Mortgage (NYSE: CMO ) just announced the continuation of its $0.31 per sharequarterly dividend, which was upped from $0.30 just this past March. CYS Investments (NYSE: CYS ) revealed its intention to raise its own quarterly payout to $0.34from $0.32 per share earlier this week, and Armour Residential (NYSE: ARR ) has joined in, keeping its monthly $0.07 per share dividend firmly in place, even into the third quarter.
- [By Alyssa Oursler]
Of course, we have to start with a real estate investment trust (REIT). One of the best REITs right now looks to beCapstead Mortgage Corp.(CMO); it’s gained 9% so far this year as its similarly sized peers all sit in the red.
- [By Amanda Alix]
As the spread between short-term and long-terminterest rates began to contract, strangling profits, competition for MBSes also caused prices to rise. Other agency mREITs were nervous, too. CYS Investments (NYSE: CYS ) noted at the time that QE3 turned the Federal Reserve into the sector's biggest rival for mortgage bonds, and as s! preads began to shrink, so did dividends. By December of last year, Annaly, Armour, and Capstead Mortgage (NYSE: CMO ) had all trimmed their payouts.
source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/top-industrial-disributor-stocks-to-own-for-2015.html
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