On 9/26/13,
Apollo Residential Mortgage
, Inc.'s 8.00% Series A Cumulative Redeemable Perpetual Preferred Stock (NYSE: AMTG.PRA) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 10/31/13. As a percentage of AMTG.PRA's recent share price of $23.52, this dividend works out to approximately 2.13%, so look for shares of AMTG.PRA to trade 2.13% lower — all else being equal — when AMTG.PRA shares open for trading on 9/26/13. On an annualized basis, the current yield is approximately 8.52%, which compares to an average yield of 7.51% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
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As of last close, AMTG.PRA was trading at a 6.00% discount to its liquidation preference amount.
The chart below shows the one year performance of AMTG.PRA shares, versus AMTG:
Below is a dividend history chart for AMTG.PRA, showing historical dividends prior to the most recent $0.50 on Apollo Residential Mortgage, Inc.'s 8.00% Series A Cumulative Redeemable Perpetual Preferred Stock:
In Tuesday trading, Apollo Residential Mortgage, Inc.'s 8.00% Series A Cumulative Redeemable Perpetual Preferred Stock (NYSE: AMTG.PRA) is currently up about 0.1% on the day, while the common shares (NYSE: AMTG) are up about 0.2%.
