|Bid||6.44 x 1000|
|Ask||6.45 x 900|
|Day's Range||6.43 - 6.49|
|52 Week Range||4.14 - 6.66|
|Beta (5Y Monthly)||1.58|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 28, 2021|
|Forward Dividend & Yield||0.60 (9.35%)|
|Ex-Dividend Date||Mar 30, 2021|
|1y Target Est||6.75|
Capstead Mortgage Corporation (NYSE: CMO) ("Capstead" or the "Company") announced today that it will release its first quarter 2021 results following the close of trading on the New York Stock Exchange on Wednesday, April 28, 2021. The Company will host a conference call and live audio webcast to discuss its financial results on Thursday, April 29, 2021, at 10:00 a.m. ET.
The global economy is still recovering from the pandemic, the S&P 500 is trading at an all-time high and unprecedented government stimulus spending has investors concerned about hyperinflation and rising interest rates. With all the uncertainty in the market at the moment, many investors are seeking the dependability of dividend stocks. Whether the market is up, down or sideways, a dividend payment from a solid company is always reliable. Despite the economic shutdown, many public companies are swimming in cash and choosing to return that cash to investors in the form of dividends and buybacks. Related Link: 3 Short Squeeze Candidates In The Financial Sector High-Yield REITs: The average dividend yield for S&P 500 companies is at 1.49%, but there are plenty of real estate investment trusts (REITs) that pay much higher yields than that. REITs often have particularly high yields because they are required to distribute at least 90% of their taxable income to investors each year. With Treasury yields at historically low levels and a growing number of corporate bond yields dropping below 0% around the world, investors can find reliable income in REIT dividends. The only red flag for investors to watch out for when it comes to high-yielding dividend stocks are stocks that have endured steep declines, driving up their dividend yields relative to their share prices. But even many underperforming stocks can continue to pay their dividends as long as their business is healthy enough. See also: Best REIT Diversified Stocks Right Now Where To Find 10% Yield: Here are three REITs to consider that currently have double-digit dividend yields. Annaly Capital Management, Inc. (NYSE: NLY) Annaly Capital Management is a REIT that specializes in investing in AAA-rated mortgage-backed securities. Annaly shares are up 68.9% in the past year and the REIT also pays a 10% dividend yield on top of those gains. Sachem Capital Corp (NYSE: SACH) Sachem Capital is a real estate finance company that specializes in originating, underwriting, funding, servicing and managing a portfolio of short-term loans secured by first mortgage liens on properties. Sachem’s share price has skyrocketed 309.8% in the past year, but the stock still pays nearly a 10% dividend. Capstead Mortgage Corporation (NYSE: CMO) Capstead Mortgage is a mortgage REIT that invests primarily in adjustable-rate agency residential mortgage-backed securities. Capstead shares are up 113.4% in the past year, and the REIT still pays nearly a 10% dividend. See more from BenzingaClick here for options trades from BenzingaFed Still Taking 'All-In' Approach To Economic Recovery: PowellGameStop Is Losing Its 'Stimmy' Support, Analyst Says© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Capstead Mortgage Corporation (NYSE: CMO) ("Capstead" or "The Company") announced today that its Board of Directors has declared a first quarter 2021 common dividend of $0.15 per common share. The dividend is payable on April 20, 2021 to common stockholders of record as of March 31, 2021.