In trading on Thursday, shares of Anworth Mortgage Asset Corp.'s 6.25% Series B Cumulative Convertible Preferred Stock (ANH.PRB) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.5625), with shares changing hands as low as $20.71 on the day. This compares to an average yield of 7.82% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, ANH.PRB was trading at a 16.40% discount to its liquidation preference amount, versus the average discount of 6.85% in the "Real Estate" category. It should be noted that the preferred shares are convertible, with a conversion ratio of 2.3809.The chart below shows the one year performance of ANH.PRB shares, versus ANH:
Anworth Mortgage Asset's Series B Preferred Stock Shares Cross 7.5% Yield Mark
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.