Javelin Mortgage Investment Declares Monthly Dividend Rate
Mar 19th 2013 6:46PM
Updated Mar 19th 2013 6:52PM
Javelin Mortgage Investment has declared the monthly rate for its fiscal Q2 dividend. The company will distribute $0.23 per share of its common stock thrice over the next three months. The first disbursement will be made on on April 29 to shareholders of record as of April 15, the second on May 30 to holders of record as of May 15, and the third on June 27 to shareholders of record as of June 14.
Those amount of those monthly payouts matches that of the previous months. Javelin has kept its dividend at the same level since its IPO last October.
The current dividend annualizes to $2.76 per share. That yields 14.3% at Javelin's most recent closing stock price of $19.30.
The article Javelin Mortgage Investment Declares Monthly Dividend Rate originally appeared on Fool.com.Fool contributor Eric Volkman and The Motley Fool have no position in Javelin Mortgage Investment. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.