Angel Oak Mortgage REIT, Inc. Declares Quarterly Common Stock Dividend Payable on February 29, 2024
February 07, 2024 at 04:15 pm EST
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Angel Oak Mortgage REIT, Inc. announced that its Board of Directors has declared a quarterly cash dividend. The Board has declared a dividend of $0.32 per share of common stock. The dividend is payable on February 29th, 2024 to common stockholders of record as of February 22nd, 2024.
Angel Oak Mortgage REIT, Inc. is a real estate investment trust (REIT) focused on acquiring and investing in first lien non-qualified residential mortgage (non-QM) loans and other mortgage-related assets in the United States (U.S.) mortgage market. The Company's objective is to generate attractive risk-adjusted returns for its stockholders through cash distributions and capital appreciation across interest rate and credit cycles. Its strategy is to make credit-sensitive investments in newly originated first lien non-QM loans that are primarily made to non-QM loan borrowers and primarily sourced from its mortgage lending platform, Angel Oak Mortgage Lending, which operates through a wholesale channel and has a national origination footprint. It also may invest in other residential mortgage loans, RMBS, and other mortgage-related assets, which, collectively with non-QM loans, are referred to as target assets. It is externally managed and advised by Falcons I, LLC (the Manager).