Anworth Mortgage (ANH -3%) slides after it announced a dividend cut from $0.18 to $0.15 on...

|About: Anworth Mortgage Asset C... (ANH)|By:, SA News Editor

Anworth Mortgage (ANH -3%) slides after it announced a dividend cut from $0.18 to $0.15 on Friday evening. With MBS yields tumbling, expect dividend cuts to be the norm for the mREITs (absent increasing leverage). The flip-side, however, will be higher MBS prices and increasing book values for the sector.