Capstead Mortgage Corp.'s Cumulative Convertible Preferred Stock, Series B Goes Ex-Dividend Soon

On 5/14/13, Capstead Mortgage Corp.'s $1.26 Cumulative Convertible Preferred Stock, Series B (NYSE: CMO.PRB) will trade ex-dividend, for its monthly dividend of $0.105, payable on 5/31/13. As a percentage of CMO.PRB's recent share price of $12.59, this dividend works out to approximately 0.83%, so look for shares of CMO.PRB to trade 0.83% lower -- all else being equal -- when CMO.PRB shares open for trading on 5/14/13. On an annualized basis, the current yield is approximately 10.01%, which comp...