American Capital Mortgage Investment (MTGE) Declares $0.40 Quarterly Dividend; Updates on Buyback Plan

American Capital Mortgage Investment (NASDAQ: MTGE) declared a quarterly dividend of $0.40 per share, or $1.6 annualized.

The dividend will be payable on January 27, 2016, to stockholders of record on December 31, 2015, with an ex-dividend date of December 29, 2015.

The annual yield on the dividend is 11.1 percent.

The Company also announced today that in the fourth quarter of 2015, it made open market purchases of approximately 2.4 million shares of MTGE common stock, or 4.8% of the Company's outstanding common shares as of September 30, 2015. The shares were purchased at an average price of $14.64 per share, including expenses, totaling approximately $35.3 million. Since commencing a buyback program in the fourth quarter of 2012, the Company has purchased approximately 11.7 million shares of MTGE common stock for total consideration of approximately $218.4 million, including expenses.

For a dividend history and other dividend-related data on American Capital Mortgage Investment (MTGE) click here.

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