Angel Oak Mortgage REIT Distributes Dividends for 2024
Angel Oak Mortgage REIT, Inc. (NYSE: AOMR), a prominent player in the real estate finance sector, has recently announced vital tax information regarding its dividend distributions for the upcoming year. This information is crucial for shareholders and potential investors alike, as it outlines how dividends will be characterized for tax purposes in 2024.
In the year 2024, the company will distribute total dividends amounting to $1.28 per common stock share (CUSIP 03464Y108). To help shareholders understand their tax obligations, the company has provided a detailed breakdown of the federal income tax classifications for these dividend distributions.
Detailed Breakdown of Dividend Allocations
Shareholders are encouraged to diligently compare the tax information provided with statements received from their brokerage firms. It's essential to work closely with tax advisors to understand individual tax implications fully. Below is the expected distribution data for Angel Oak Mortgage REIT's dividends in 2024:
First Quarter Dividend Details
For the regular dividend scheduled for distribution on February 29, 2024, the allocation is as follows:
- Total Distribution Per Share: $0.32000
- Ordinary Income Per Share: $0.14368
- Qualified Dividend Per Share: $0.00000
- Return of Capital Per Share: $0.17632
- Long-Term Capital Gains Per Share: $0.00000
Subsequent Quarter Allocations
The second quarter dividend, payable on May 31, 2024, mirrors the previous quarter's structure:
- Total Distribution Per Share: $0.32000
- Ordinary Income Per Share: $0.14368
- Qualified Dividend Per Share: $0.00000
- Return of Capital Per Share: $0.17632
- Long-Term Capital Gains Per Share: $0.00000
Mid-Year Dividend Payments
The company will continue its strong dividend preceding August. The details for the dividend distribution on August 31, 2024, remain consistent:
- Total Distribution Per Share: $0.32000
- Ordinary Income Per Share: $0.14368
- Qualified Dividend Per Share: $0.00000
- Return of Capital Per Share: $0.17632
- Long-Term Capital Gains Per Share: $0.00000
Final Quarter Overview
As the year comes to a close, the November dividend distribution is set with similar allocations:
- Total Distribution Per Share: $0.32000
- Ordinary Income Per Share: $0.14368
- Qualified Dividend Per Share: $0.00000
- Return of Capital Per Share: $0.17632
- Long-Term Capital Gains Per Share: $0.00000
Total Allocated for 2024
As the year wraps up, the total dividends allocated to shareholders will amount to:
- Total Distributed Amount: $1.28000
- Total Ordinary Income: $0.57472
- Additional Income Types: $0.70528
About Angel Oak Mortgage REIT, Inc.
Angel Oak Mortgage REIT is committed to excellence in the real estate finance industry, focusing on acquiring and investing in first lien non-QM loans along with other mortgage-related assets. The company's goal remains clear: to provide excellent risk-adjusted returns to its stockholders through cash distributions and capital growth in varying interest rate and credit landscapes. The company operates under the expert guidance of Angel Oak Capital Advisors, LLC, a reputable name known for its innovative strategies in alternative credit management.
Frequently Asked Questions
What is Angel Oak Mortgage REIT's focus in investments?
Angel Oak Mortgage REIT primarily focuses on acquiring first lien non-QM loans and mortgage-related assets.
How much is the total dividend distribution for 2024?
The total dividend distribution for 2024 is projected to be $1.28 per common stock share.
When can shareholders expect their first dividend payment?
Shareholders can expect their first dividend payment on February 29, 2024.
Who manages Angel Oak Mortgage REIT?
Angel Oak Mortgage REIT is externally managed and advised by an affiliate of Angel Oak Capital Advisors, LLC.
Why is it important for shareholders to review tax statements?
Reviewing tax statements ensures that shareholders align their information with what has been reported, helping them assess tax implications accurately.
