Top 5 Consumer Service Stocks To Invest In Right Now: 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 Kingkarn Amjaroen]
American Capital Mortgage is no exception here: The mortgage REIT trades at a 12% discount to its net asset value, while peer firm MFA Financial (NYSE: MFA ) trades at a 6% book value discount and Capstead Mortgage (NYSE: CMO ) already manages to trade at book value.
- [By Bryan Perry]
Yes and no. I don’t like the risk/reward for fixed-rate mREITs. I’m concerned we could see a spike in the 10-year Treasury note to 3.5% if the economy picks up speed, which will put fixed-rate mREITs under pressure. That said, I think there are select adjustable-rate mREITs that are worthy of a spot in your portfolio. One I do recommend in my Cash Machine Aggressive High-Yield portfolio is Capstead Mortgage (CMO).
- [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 share quarterly dividend, which was upped from $0.30 just this past March. CYS Investments (NYSE: CYS ) rev! ealed its intention to raise its own quarterly payout to $0.34 from $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 Rich Duprey]
Agency mortgage real estate investment trust Capstead Mortgage (NYSE: CMO ) announced this morning its second-quarter dividend of $0.31 per share, the same rate it paid last quarter.
source from Top Stocks For 2015:http://www.topstocksblog.com/top-5-consumer-service-stocks-to-invest-in-right-now-2.html
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