American Capital Agency and ARMOUR Residential REIT -- Large Dividends Buoyed by Net Interest Income
15 Dezember 2011 - 2:16PM
Marketwired
For roughly three years, the central bank has kept overnight
interest rates near zero as unemployment remains relatively high
and housing issues persist. While high yielding REITs such as
American Capital Agency and ARMOUR Residential REIT have benefitted
from the low interest rate environment, some industry player saw
their profits drop last quarter as gains in net interest income
were offset by lower investment income. The Paragon Report examines
the outlook for diversified REITs and provides equity research on
American Capital Agency Corporation (NASDAQ: AGNC) and ARMOUR
Residential REIT, Inc. (NYSE: ARR). Access to the full company
reports can be found at:
www.paragonreport.com/AGNC
www.paragonreport.com/ARR
Earlier this week, the Federal Reserve reiterated its promise to
keep interest rates at "exceptionally low levels... at least
through mid-2013," in a largely pro-forma statement after its last
meeting of the year. "While indicators point to some improvement in
overall labour market conditions, the unemployment rate remains
elevated," the Federal Open Market Committee said in a statement at
the end of the meeting.
The Paragon Report provide investors with an excellent first
step in their due diligence by providing daily trading ideas, and
consolidating the public information available on them. For more
investment research on diversified REITs register with us free at
www.paragonreport.com and get exclusive access to our numerous
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ARMOUR is a Maryland corporation that invests primarily in
hybrid adjustable rate, adjustable rate and fixed rate residential
mortgage-backed securities issued or guaranteed by U.S.
Government-chartered entities. Earlier this month the company
announced that it has priced an underwritten public offering of
8,000,000 shares of common stock. ARMOUR has granted the
underwriter a 30-day option to purchase up to 1,200,000 additional
shares of common stock. ARMOUR pays an annual dividend of $1.32 per
share for a hefty yield of 18.7 percent.
American Capital Agency Corp. is a real estate investment trust
that invests in agency pass-through securities and collateralized
mortgage obligations for which the principal and interest payments
are guaranteed by a U.S. Government agency or a U.S.
Government-sponsored entity. Earlier this week the company
announced that its Board of Directors has declared a cash dividend
of $1.40 per share for the fourth quarter 2011. The dividend is
payable on January 27, 2012 to common shareholders of record as of
December 22, 2011, with an ex-dividend date of December 20,
2011.
The Paragon Report has not been compensated by any of the
above-mentioned publicly traded companies. Paragon Report is
compensated by other third party organizations for advertising
services. We act as an independent research portal and are aware
that all investment entails inherent risks. Please view the full
disclaimer at http://www.paragonreport.com/disclaimer
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