Capstead Mortgage (CMO) Declares Quarterly Dividend of $0.31

Capstead Mortgage (NYSE:CMO) announced a quarterly dividend on Thursday, June 13th, AnalystRatingsNetwork reports. Investors of record on Friday, June 28th will be paid a dividend of $0.31 per share on Friday, July 19th. This represents a $1.24 annualized dividend and a dividend yield of 9.85%. The ex-dividend date is Wednesday, June 26th.

Several analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Capstead Mortgage from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, May 21st. They now have a $13.10 price target on the stock.

Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $13.77.

Shares of Capstead Mortgage (NYSE: CMO) opened at 12.59 on Friday. Capstead Mortgage has a one year low of $10.81 and a one year high of $14.59. The stock’s 50-day moving average is currently $12.65. The company has a market cap of $1.203 billion and a P/E ratio of 9.18.

Capstead Mortgage (NYSE: CMO) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.31 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.32 by $0.01. During the same quarter in the previous year, the company posted $0.44 earnings per share. Analysts expect that Capstead Mortgage will post $1.31 EPS for the current fiscal year.

Capstead Mortgage Corporation (NYSE: CMO) operates as a self-managed real estate investment trust (REIT).