We wrote on December 6th about the sell off in mortgage REIT’s and the big insider buying as a result of that. It seems that after hours today, CYS just announced their normal dividend and a big one time dividend payable before the end of the year. Although quarterly dividends have been declining on these mortgage REITS, insiders are finding lots of value.
| CYS Investments declares 40c per share quarterly dividend, 52c special dividend | |
| The Board of Directors of CYS Investments declared a quarterly dividend of 40c per share of common stock for the fourth quarter of 2012, as well as a special dividend of 52c per share of common stock. The company is making the special dividend to distribute the remaining REIT taxable income earned during 2012. These dividends will be paid on December 28 to common stock stockholders of record on December 21. :theflyonthewall.com | |
saxangle.com/big-dividend-paying-mortgage-reits-such-as-14-05-cys-investments-are-still-good-buys-seeking-alpha/
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