Mortgage Asset Companies: Arlington Declares 60 Cent Dividend
December 22, 2010 (FinancialWire) (http://www.financialwire.net/) — Arlington Asset Investment Corp. (AI – NYSE) said that its board of directors declared a quarterly dividend of $0.60 per share for the fourth quarter of 2010.
The dividend will be payable on January 31, 2011 to shareholders of record on December 31, 2010.
During the fourth quarter of 2010, the company said it repurchased 20,969 shares of its class A common stock at an average price of $23.96 per share. Arlington said it now has remaining authorization to repurchase up to 256,185 shares of its class A common stock under its current repurchase program.
Virginia-based Arlington Asset Investment is a principal investment firm that invests primarily in mortgage-related assets.
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