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|Top-Ranked Western Asset Mortgage Capital Corp Getting Very Oversold
Friday, July 5, 11:45 AM ET, by Market News Video Staff
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, ...
Commit To Purchase Western Asset Mortgage Capital Corp At $12.50, Earn 11.1% Annualized
Friday, July 5, 12:02 PM ET, by Market News Video Staff
Investors considering a purchase of Western Asset Mortgage Capital Corp (WMC) stock, but cautious about ...
This Stock Has A 22.82% Yield And Sells For Less Than Book
Wednesday, July 10, 9:19 AM ET, by Market News Video Staff
Western Asset Mortgage Capital Corp (WMC) has been named as a Top 10 Real Estate ...
Strong Insider Buying Found in the Underlying Holdings of REM
Tuesday, July 16, 9:46 AM ET, by Market News Video Staff
A look at the weighted underlying holdings of the iShares Mortgage Real Estate Capped ETF ...
WMC: Insiders vs. Shorts
Tuesday, August 13, 2:24 PM ET, by Market News Video Staff
The most recent short interest data was recently released by the NASDAQ for the 07/31/2013 ...
This Stock Has A 17.76% Yield And Sells For Less Than Book
By Dividend Channel Staff, Wednesday, November 14, 9:47 AM ET
Western Asset Mortgage Capital Corp (NYSE:WMC) has been named as a Top 10 Real Estate Investment Trust (REIT), according to Dividend Channel, which published its most recent ''DividendRank'' report. The report noted that among REITs, WMC shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent WMC share price of $19.15 represents a price-to-book ratio of 0.9 and an annual dividend yield of 17.76% — by comparison, the average stock in Dividend Channel's coverage universe yields 4.0% and trades at a price-to-book ratio of 1.9. The report also cited the strong quarterly dividend history at Western Asset Mortgage Capital Corp, and favorable long-term multi-year growth rates in key fundamental data points.
The report stated, ''Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation. That's what we aim to find using our proprietary DividendRank formula, which ranks the coverage universe based upon our various criteria for both profitability and valuation, to generate a list of the top most 'interesting' stocks, meant for investors as a source of ideas that merit further research.''
REITs hold a special place in the hearts of dividend investors, because they must distribute at least 90% of their taxable income each year to shareholders as dividends. While this can make for a high dividend yield, it also introduces some volatility and uncertainty into the level of payments from year to year — huge dividend payouts are common when a REIT turns large profits, versus smaller payouts or even periods of no dividends in times of losses.
The current annualized dividend paid by Western Asset Mortgage Capital Corp is $3.40/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 09/27/2012. Below is a long-term dividend history chart for WMC, which the report stressed as being of key importance. Indeed, studying a company's past dividend history can be of good help in judging whether the most recent dividend is likely to continue.
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