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CYS Investments (CYS) declares a Q4 dividend of $0.40/share vs. $0.45 in Q3. The company...

Monday, December 10, 2012, 4:10 PM ET
CYS Investments (CYS) declares a Q4 dividend of $0.40/share vs. $0.45 in Q3. The company also clears out the rest of its coffers, declaring a special dividend of $0.52/share. The dividend cuts start (or in some cases continue) for the mortgage REITs. Shares +0.5% AH. (PR)

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This news story has 4 comments:

kenney1037 Comments (31)

I'm more concerned, as a past CYS investor, for where the money came for this special dividend. Aren't they required to be paying 90% of their net out to shareholders regularlym, as part of the 1940 Investment Act requirements related to averting double taxation? I understand special dividends in other sectores, but not in REITs.

10 Dec 2012, 05:32 PM Reply Like

AJimNDal Comments (4)

I agree Kenny. I too sold my shares about a month ago, now a Special Dividend? I think we got skunked.

10 Dec 2012, 05:57 PM Reply Like

shelbyman Comments (29)

Pretty interesting development. 20% dividend cut since Jun 2012.

11 Dec 2012, 02:55 AM Reply Like

taka610 Comments (2)

I worked for a Semiconductor production equipment Corp. since
right after graduated from university and now Retired.
I am trying to start to look into my investment.

11 Dec 2012, 04:02 AM Reply Like

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