Retirement Income

Stocks and Options

April 23rd, 2009 at 6:53 pm

Anworth Mortgage Asset Corporation (ANH) – Sold Oct09 Calls

Today I sold 2 ANH Oct09 7.50 Covered Calls for a net deposit of $20.50 in an IRA account.  My basis for these shares is now 13.90, excluding dividends received.

ANH continues to pay a quarterly dividend.  On April 13, they set the most recent dividend at .30.  ANH has anticipated that 2009 will be more profitable and has even spoken about raising its dividend.  The ANH dividend is currently about 19.05% which does not sound sustainable but they seem to continue to pay.  Of course, my return is less because my basis is higher.

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