Anworth Mortgage Asset Stock To Go Ex-dividend Tomorrow (ANH)

NEW YORK ( TheStreet) -- The ex-dividend date for Anworth Mortgage Asset Corporation (NYSE: ANH) is tomorrow, July 7, 2011. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $7.71 as of 9:31 a.m. ET, the dividend yield is 13.1%.

The average volume for Anworth Mortgage Asset has been 1.4 million shares per day over the past 30 days. Anworth Mortgage Asset has a market cap of $964.2 million and is part of the financial sector and real estate industry. Shares are up 9.7% year to date as of the close of trading on Tuesday.

Anworth Mortgage Asset Corporation operates as a real estate investment trust (REIT) in the United States. The company has a P/E ratio of 9.1, equal to the average real estate industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Anworth Mortgage Asset as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally poor debt management and weak operating cash flow. You can view the full Anworth Mortgage Asset Ratings Report.

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