Anworth Mortgage Asset's Series B Preferred Stock Crosses Above 7% Yield Territory

In trading on Monday, shares of Anworth Mortgage Asset Corp.'s 6.25% Series B Cumulative Convertible Preferred Stock (ANH.PRB) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.5625), with shares changing hands as low as $21.78 on the day. This compares to an average yield of 7.29% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, ANH.PRB was trading at a 8.00% discount to its liquidation preference amount, versus the average discount of 1.28% in the "Real Estate" category. It should be noted that the preferred shares are convertible, with a conversion ratio of 2.3809.

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The chart below shows the one year performance of ANH.PRB shares, versus ANH:

Performance Comparison Chart

Below is a dividend history chart for ANH.PRB, showing historical dividend payments on Anworth Mortgage Asset Corp.'s 6.25% Series B Cumulative Convertible Preferred Stock :

ANH.PRB+Dividend+History+Chart

In Monday trading, Anworth Mortgage Asset Corp.'s 6.25% Series B Cumulative Convertible Preferred Stock ( ANH.PRB) is currently off about 3.7% on the day, while the common shares ( ANH) are up about 1.2%.

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