Below are press releases from company’s with preferred stock or baby bonds outstanding–or just of general interest.
DTE Energy Board of Directors declares quarterly dividend
Global Ship Lease Announces Annual Meeting of Shareholders
Plymouth Industrial REIT Reports First Quarter Results
Teekay Group to Announce First Quarter 2023 Earnings Results on May 11, 2023
Great Elm Capital Corp. Announces First Quarter 2023 Financial Results
MFA Financial, Inc. Announces First Quarter 2023 Financial Results
Pinnacle Bancshares Announces Results for First Quarter Ended March 31, 2023
BrightSphere Reports Financial and Operating Results for the First Quarter Ended March 31, 2023
CHIMERA INVESTMENT CORPORATION REPORTS 1ST QUARTER 2023 EARNINGS
Rithm Capital Corp. Announces First Quarter 2023 Results
NuStar Energy L.P. Reports Strong First Quarter 2023 Earnings Results
Chatham Lodging Trust Announces First Quarter 2023 Results
Fidus Investment Corporation Announces First Quarter 2023 Financial Results
Great Ajax Corp. Announces Results for the Quarter Ended March 31, 2023
Arbor Realty Trust Reports First Quarter 2023 Results and Increases Dividend by $0.02 to $0.42 per Share
May 5, 2023
PDF Version
Company Highlights:
Diversified, annuity-based operating platform with a multifamily focus that generates strong distributable earnings and dividends in all cycles
GAAP net income of $0.46 per diluted common share
Distributable earnings1 of $0.62 per diluted common share, well in excess of our current dividend, representing a 68% payout ratio
Raised cash dividend on common stock to $0.42 per share; a $0.02 per share, or 5% increase, representing an annualized dividend of $1.68 per share
Strong liquidity position with ~$785 million in cash and liquidity and ~$560 million of restricted cash in replenishable CLO vehicles with a weighted average cost of 1.64% over benchmark rates2
Agency loan originations of $1.09 billion and a servicing portfolio of ~$28.91 billion, up 3%
Structured loan originations of $268.0 million and a portfolio of ~$13.64 billion
Issued $95 million of 7.75% senior notes primarily to repay existing 8.00% debt
Announced a $50 million share repurchase program; repurchased ~ $37 million to date at an average price of $10.53 per share, or a 17% discount to book value