Hatteras Financial (HTS) Approves $1.10 Per Share Q2 Dividend

The Board of Directors of Hatteras Financial Corp. (HTS) declared a quarterly dividend of $1.10 per common share for the second quarter of 2010. The dividend will be paid on July 23, 2010, to stockholders of record on July 2, 2010, with an ex-dividend date of June 30, 2010. “We are pleased to declare a $1.10 per share dividend this quarter,” said Michael R. Hough, the Chief Executive Officer of Hatteras. “Although down slightly from the previous quarter, we believe this quarterly dividend level is appropriate given our outlook for the remainder of 2010 and reflects the expected impact of the one-time Fannie and Freddie buyback program and the timing of the reinvestment of the proceeds. Going forward, the operating environment continues to be attractive in light of current financing rates and net interest margins.” [SM]... Read more