Angel Oak Mortgage REIT, Inc. Declares Dividend for the First Quarter of 2023, Payable on May 31, 2023
May 04, 2023 at 07:00 am EDT
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Angel Oak Mortgage REIT, Inc. announced on May 4, 2023, the company declared a dividend of $0.32 per share of common stock for the first quarter of 2023. The dividend is payable on May 31, 2023, to common stockholders of record as of May 22, 2023.
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).