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Hatteras Financial Corp. Declares Third Quarter 2008 Dividend of $1.05 Per Share

Tue. September 23, 2008; Posted: 05:01 PM
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WINSTON SALEM, N.C., Sep 23, 2008 (BUSINESS WIRE) -- HTS | Quote | Chart | News | PowerRating -- The Board of Directors of Hatteras Financial Corp. (NYSE:HTS) ("Hatteras" or "the Company") today declared a quarterly dividend of $1.05 per common share for the third quarter of 2008. The dividend will be paid on October 24, 2008, to stockholders of record on October 3, 2008, with an ex-dividend date of October 1, 2008.

"We are pleased to announce this quarter's dividend, which corresponds to the completion of our fiscal third quarter and our first full quarter as a public company," said Michael R. Hough, the Chief Executive Officer of Hatteras. "This represents an annualized dividend yield for our stockholders of 18.47%, based on today's closing price of $22.74 per share."

About Hatteras Financial Corp.

Hatteras Financial is a real estate investment trust formed in 2007 to invest exclusively in adjustable-rate and hybrid adjustable-rate single-family residential mortgage pass-through securities guaranteed by U.S. Government-sponsored agencies, such as Fannie Mae, Freddie Mac or Ginnie Mae. Based in Winston-Salem, N.C., Hatteras is managed and advised by Atlantic Capital Advisors LLC. Hatteras is a component of the Russell 2000(R) and the Russell 3000(R) indices.

Forward-Looking Statements

This press release, together with other statements and information publicly disseminated by the Company, contains certain forward-looking statements within the meaning of Section27A of the Securities Act of 1933, as amended, and Section21E of the Securities Exchange Act of 1934, as amended. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe the Company's future plans, strategies and expectations, are generally identifiable by use of the words "believe," "expect," "intend," "anticipate," "estimate," "project" or similar expressions. You should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond the Company's control and which could materially affect actual results, performances or achievements. Factors that may cause actual results to differ materially from current expectations include the risk factors discussed in the Company's Registration Statement on Form S-11, as amended, filed with the Securities and Exchange Commission on February 20, 2008. Accordingly, there is no assurance that the Company's expectations will be realized. Except as otherwise required by the federal securities laws, the Company disclaims any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

SOURCE: Hatteras Financial Corp.

Hatteras Financial Corp. Kenneth A. Steele, Chief Financial Officer, 336-760-9331 or CCG Investor Relations Mark Collinson, Partner, 310-954-1343 www.ccgir.com or Hatteras Financial Corp. Phone: 336-760-9331 Fax: 336-760-9391 110 Oakwood Drive, Ste 340 Winston-Salem, NC 27103 www.hatfin.com

For full details on Hatteras Financial Corp (HTS) click here. Hatteras Financial Corp (HTS) has Short Term PowerRatings of 7. Details on Hatteras Financial Corp (HTS) Short Term PowerRatings is available at This Link.

    


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