johnsyn
12 years ago
Capstead Mortgage Corporation Declares Dividends on Its Preferred Stocks
Thu December 6, 2012 5:12 PM | about: CMO
NEWS PROVIDED BY:
Business Wire
DALLAS--(BUSINESS WIRE)-- The Board of Directors of Capstead Mortgage Corporation (CMO) announced today that it will pay the regular quarterly dividend of $0.40 per share on the $1.60 Cumulative Preferred Stock, Series A (NYSE: CMOPRA). The dividend is payable on December 31, to stockholders of record as of December 19, 2012.
The Board of Directors also declared the regular monthly dividends of $0.105 per share for December, January and February on the $1.26 Cumulative Convertible Preferred Stock, Series B (NYSE: CMOPRB). The December dividend is payable on December 31, to stockholders of record as of December 19, 2012. The January dividend is payable on January 31, to stockholders of record as of January 18, 2013. The February dividend is payable on February 28, to stockholders of record as of February 18, 2013.
Effective September 30, 2012, each Series B Preferred share is convertible into 0.6407 shares of common stock. Effective October 1, 2012, each Series A Preferred share is convertible into 1.6584 shares of common stock. Holders of the Series A and B preferred shares may convert into shares of the Company's common stock at any time; however, currently it is not economically advantageous for the Series B stockholders to do so. Any conversion requested after one or more preferred record dates within the quarter and on or before the record date for the quarterly common stock dividend will require payment to the Company of all preferred share dividends declared and paid for the corresponding quarter.
Capstead Mortgage Corporation, formed in 1985 and based in Dallas, Texas, is a self-managed real estate investment trust for federal income tax purposes. Capstead earns income from investing in a leveraged portfolio of residential mortgage pass-through securities consisting of adjustable-rate mortgage (ARM) securities issued and guaranteed by government-sponsored enterprises, either Fannie Mae or Freddie Mac, or by an agency of the federal government, Ginnie Mae.
http://cts.businesswire.com/ct/CT?id=bwnews&sty=20121206006517r1&sid=acqr4&distro=nx
Capstead Mortgage Corporation
Investor Relations:
Kelly Sargent, 214-874-2339
Source: Capstead Mortgage Corporation
Copyright Business Wire 2012
johnsyn
12 years ago
Capstead Mortgage Corporation Announces Second Quarter 2012 Results
Wed July 25, 2012 4:15 PM | about: CMO
NEWS PROVIDED BY:
Business Wire
Second Quarter 2012 Highlights
Earnings of $43.3 million or $0.40 per diluted common share
Average financing spreads decreased 15 basis points to 1.37%
Book value increased $0.19 to $13.23 per common share
Portfolio leverage remained unchanged at 8.05 times long-term investment capital
Operating costs as a percentage of average long-term investment capital decreased 13 basis points to 1.06%
DALLAS--(BUSINESS WIRE)-- Capstead Mortgage Corporation (CMO) (Capstead or the Company) today reported net income of $43,335,000 or $0.40 per diluted common share for the quarter ended June 30, 2012. This compares to net income of $45,170,000 or $0.44 per diluted common share for the quarter ended March 31, 2012. The Company paid a second quarter 2012 dividend of $0.40 per common share on July 20, 2012.
Second Quarter Earnings and Related Discussion
Capstead Mortgage Corporation, formed in 1985 and based in Dallas, Texas, is a self-managed real estate investment trust for federal income tax purposes. Capstead earns income from investing in a leveraged portfolio of residential adjustable-rate mortgage pass-through securities, referred to as ARM securities, issued and guaranteed by government-sponsored enterprises, either Fannie Mae or Freddie Mac, or by an agency of the federal government, Ginnie Mae. For the quarter ended June 30, 2012, the Company reported net interest margins on interest-earning assets of $47,325,000 compared to $49,593,000 for the quarter ended March 31, 2012. Total financing spreads averaged 1.37% during the second quarter of 2012, a decrease of 15 basis points from total financing spreads reported for the first quarter of 2012.
Yields on Capsteads interest-earning assets averaged 1.98% during the second quarter of 2012, a decrease of ten basis points from yields reported for the first quarter of 2012. Yields were impacted by higher premium amortization charges primarily resulting from higher levels of mortgage prepayments and, to a lesser extent, a modest decline in weighted average coupons on the Companys holdings of ARM securities. Portfolio runoff (scheduled payments and mortgage prepayments) averaged 18.3% on an annualized basis during the second quarter (a constant mortgage prepayment rate, or CPR of 15.9%) compared to 17.0% (a 14.5% CPR) during the first quarter of 2012. Mortgage prepayment levels largely determine yield adjustments for investment premium amortization. Weighted average coupons declined four basis points during the second quarter to 2.80% at June 30, 2012, reflecting an increasing number of mortgage loans underlying these securities approaching fully-indexed levels.
Interest rates on all interest-bearing liabilities, including Capsteads long-term unsecured borrowings and adjusted for currently-paying interest rate swap agreements held for hedging purposes, averaged 0.61% during the second quarter of 2012, an increase of five basis points over borrowing rates incurred during the first quarter of 2012, primarily reflecting higher borrowing terms on repurchase arrangements due to a variety of market factors. At June 30, 2012 repurchase arrangements and similar borrowings totaled $12.73 billion, consisting primarily of 30-day borrowings with 23 counterparties and rates averaging 0.39%, before consideration of interest rate swap agreements. At June 30, 2012 the Company held currently-paying swap agreements requiring the payment of fixed rates of interest averaging 0.80% on notional amounts totaling $3.70 billion with average remaining interest-payment terms of 12 months. Additionally, the Company had entered into forward-starting swap agreements with notional amounts totaling $1.40 billion as of quarter-end that will begin requiring interest payments at fixed rates averaging 0.55% for two-year periods that commence on various dates between July 2012 and March 2013, with an average expiration of 28 months. Variable payments, typically based on one-month LIBOR, that are received by the Company under interest rate swap agreements tend to offset a significant portion of the interest owed on a like amount of the Companys borrowings under repurchase arrangements.
During the second quarter of 2012 Capsteads long-term investment capital, which consists of common and perpetual preferred stockholders equity and long-term unsecured borrowings (net of related investments in statutory trusts) increased by $79 million to $1.58 billion, primarily as a result of accretive capital raising activities and higher portfolio pricing levels for holdings of current-reset ARM securities.
johnsyn
12 years ago
Capstead Mortgage Corporation Declares a $0.40 Per Share Second Quarter 2012 Common Dividend
Capstead (NYSE:CMO)
Today : Tuesday 12 June 2012
Capstead Mortgage Corporation (NYSE: CMO) announced today that it will pay a second quarter 2012 dividend of $0.40 per common share on July 20, 2012 to stockholders of record as of June 29, 2012.
About Capstead
Capstead Mortgage Corporation, formed in 1985 and based in Dallas, Texas, is a self-managed real estate investment trust for federal income tax purposes. Capstead earns income from investing in a leveraged portfolio of residential adjustable-rate mortgage pass-through securities issued and guaranteed by government-sponsored enterprises, either Fannie Mae or Freddie Mac (together, the “GSEs”), or by an agency of the federal government, Ginnie Mae
johnsyn
13 years ago
Capstead Mortgage Corporation Announces First Quarter 2012 Results
Capstead (NYSE:CMO)
Today : Thursday 26 April 2012
Capstead Mortgage Corporation (NYSE: CMO) (“Capstead” or the “Company”) today reported net income of $45,170,000 or $0.44 per diluted common share for the quarter ended March 31, 2012. This compares to net income of $41,968,000 or $0.43 per diluted common share for the quarter ended December 31, 2011. The Company paid a first quarter 2012 dividend of $0.43 per common share on April 20, 2012.
First Quarter Earnings and Related Discussion
Capstead Mortgage Corporation, formed in 1985 and based in Dallas, Texas, is a self-managed real estate investment trust for federal income tax purposes. Capstead earns income from investing in a leveraged portfolio of residential adjustable-rate mortgage pass-through securities, referred to as ARM securities, issued and guaranteed by government-sponsored enterprises, either Fannie Mae or Freddie Mac, or by an agency of the federal government, Ginnie Mae. For the quarter ended March 31, 2012, the Company reported net interest margins on interest-earning assets of $49,593,000 compared to $46,238,000 for the quarter ended December 31, 2011. Total financing spreads averaged 1.52% during the first quarter of 2012, an increase of six basis points from total financing spreads reported for the fourth quarter of 2011.
Yields on Capstead’s interest-earning assets averaged 2.08% during the first quarter of 2012, an increase of one basis point from yields reported for the fourth quarter of 2011. This compares to a five basis point decline in reported yields during the fourth quarter from the third quarter of 2011. Yields benefited from lower levels of mortgage prepayments as well as relatively stable weighted average coupons on the Company’s current-reset ARM securities with an increasing number of mortgage loans underlying these securities approaching fully-indexed levels. Portfolio runoff (scheduled payments and mortgage prepayments) averaged 17.0% on an annualized basis during the first quarter (a constant mortgage prepayment rate, or CPR of 14.5%) compared to 18.0% (a 15.6% CPR) during the fourth quarter of 2011. Mortgage prepayment levels largely determine yield adjustments for investment premium amortization.
Interest rates on all interest-bearing liabilities, including Capstead’s long-term unsecured borrowings, averaged 0.56% during the first quarter of 2012, a decrease of five basis points from average rates incurred during the fourth quarter of 2011. The decline reflects the expiration of higher rate swap agreements that have largely been replaced with additional two-year term swap agreements at more favorable rates. At March 31, 2012 repurchase arrangements and similar borrowings totaled $12.08 billion, consisting primarily of 30-day borrowings with 25 counterparties and rates averaging 0.33%, before consideration of interest rate swap agreements held for hedging purposes. At March 31, 2012 currently-paying swap positions held by the Company required paying fixed rates of interest averaging 0.83% on notional amounts totaling $3.3 billion with average remaining interest-payment terms of 14 months. Additionally, as of the end of the first quarter the Company had entered into forward-starting swap agreements with notional amounts totaling $1.1 billion that will begin requiring interest payments at fixed rates averaging 0.54% for two-year periods that commence on various dates between April 2012 and October 2012, with an average expiration of 27 months. Variable payments, typically based on one-month LIBOR, that are received by the Company under interest rate swap agreements tend to offset a significant portion of the interest owed on a like amount of the Company’s borrowings under repurchase arrangements.
During the first quarter of 2012 Capstead’s long-term investment capital, which consists of common and perpetual preferred stockholders’ equity and long-term unsecured borrowings (net of related investments in statutory trusts) increased by $109 million to $1.50 billion, primarily as a result of accretive capital raising activities and higher portfolio pricing levels, particularly for holdings of current-reset ARM securities. The Company acquired $1.23 billion (principal amount) of agency-guaranteed ARM securities during the first quarter contributing to a $748 million increase in the portfolio to $13.01 billion at quarter-end. Portfolio leverage (borrowings under repurchase arrangements divided by long-term investment capital) declined slightly to 8.05 to one at March 31, 2012 from 8.15 to one at December 31, 2011.
Penny Roger$
13 years ago
~ $CMO ~Multi chart fix and On the house shots of DD!! Version 3.2.3
~ Barchart: http://barchart.com/quotes/stocks/CMO?
~ OTC Markets: http://www.otcmarkets.com/stock/CMO/company-info
~ Google Finance: http://www.google.com/finance?q=CMO
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=CMO#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=CMO+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=CMO
Finviz: http://finviz.com/quote.ashx?t=CMO
~ BusyStock: http://busystock.com/i.php?s=CMO&v=2
~ CandlestickChart: http://www.candlestickchart.com/cgi/chart.cgi?symbol=CMO&exchange=US
~ Investorshub Trades: http://ih.advfn.com/p.php?pid=trades&symbol=CMO
~ Investorshub Board Search: http://investorshub.advfn.com/boards/getboards.aspx?searchstr=CMO
~ Investorshub PostStream Search: http://investorshub.advfn.com/boards/poststream.aspx?ticker=CMO
~ Investorshub Goodies Search: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=23371&srchyr=2011&SearchStr=CMO
~ Investorshub Message Search: http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=CMO
~ MarketWatch: http://www.marketwatch.com/investing/stock/CMO/profile
~ E-Zone Chart: http://www.windchart.com/ezone/signals/?symbol=CMO
~ 5-Min Wind: http://www.windchart.com/stockta/analysis?symbol=CMO
~ 10-Min Wind: http://www.windchart.com/stockta/analysis?symbol=CMO&size=l&frequency=10&color=g
~ 30-Min Wind: http://www.windchart.com/stockta/analysis?symbol=CMO&size=l&frequency=30&color=g
~ 60-Min Wind: http://www.windchart.com/stockta/analysis?symbol=CMO&size=l&frequency=60&color=g
DTCC (PENSON/TDA) Check - (otc and pinks) - Note ~ I did not check for this chart blast. However, I try and help you to do so with the following links.
IHUB DTCC BOARD SEARCH #1 http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=CMO
IHUB DTCC BOARD SEARCH #2: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=14482&srchyr=2011&SearchStr=CMO
Check those searches for recent CMO mentions. If CMO is showing up on older posts and not on new posts found in link below, The DTCC issues may have been addressed and fixed. Always call the broker if your security turns up on any DTCC/PENSON list.
http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=Complete+list
For a cCMOnt list see the pinned threads at the top here ---> http://tinyurl.com/TWO-OLD-FARTS
Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CMO&time=8&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=25&y=5
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CMO&time=8&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=36&y=14
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CMO&time=8&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=28&y=15
Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CMO&time=6&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=39&y=17
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CMO&time=6&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=35&y=12
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CMO&time=6&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=23&y=19
Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CMO&time=18&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=8&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=38&y=6
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CMO&time=18&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=8&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=30&y=11
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=&symb=CMO&time=18&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=8&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=35&y=14
Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CMO&time=3&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=39&y=14
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CMO&time=3&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=20&y=16
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CMO&time=3&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=46&y=6
Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CMO&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=6&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=42&y=20
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CMO&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=6&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=36&y=11
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CMO&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=6&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=46&y=11
Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CMO&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=9&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=31&y=14
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CMO&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=9&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=23&y=15
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=CMO&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=9&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=22&y=15
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* If a symbol changes or adds a D, etc. Message me for an updated version.
Twitter: @MACDgyver ---> CMO <---
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