Single-family-housing REIT Hatteras Financial announced yesterday its second-quarter dividend of $0.70 per share, the same rate it's paid for the past two quarters after cutting the payout 12.5% from $0.80 per share.

The board of directors said the quarterly dividend is payable on July 19 to the holders of record at the close of business on July 1. The REIT has made quarterly payouts to investors since 2008. 

The board also announced that it will pay a quarterly dividend of $0.4765625 per share on its 7.625% Series A cumulative redeemable preferred stock on July 15 to holders of record on July 1. The preferred shares trade on the NYSE under the symbol HTS-PA.


The regular dividend payment equates to a $2.80-per-share annual dividend, yielding 11% based on the closing price today of Hatteras Financial's stock.

HTS Dividend Chart

HTS Dividend data by YCharts

The article Hatteras Financial Sets Common and Preferred Dividends originally appeared on Fool.com.

Fool contributor Rich Duprey and The Motley Fool have no position in any of the stocks mentioned. 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.

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