Seeking Alpha

Apollo Residential slashes dividend by 43%

  • Apollo Residential Mortgage (AMTG) slips 2.3% premarket after slashing its quarterly dividend to $0.40 per share from $0.70 previously. The annualized yield is 9.8%, based on last night's $16.32 close.
  • Press release.
Comments (2)
  • Dividend Living
    , contributor
    Comments (251) | Send Message
    This cut is crazy huge. AMTG went from one of the higher yielding mREITs to one of the lower yielding ones in one quarter. lets hope WMC doenst follow suit. rethinking this one for sure, NYMT didnt cut the dividend and for some reason is falling just as hard as AMTG today.
    19 Sep 2013, 10:04 AM Reply Like
  • Dividend Living
    , contributor
    Comments (251) | Send Message
    Didnt realize NYMT went ex div today, that explains it.
    19 Sep 2013, 11:01 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio: