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The dividend will be paid on October 23, to stockholders of record on October 2, with an ex-dividend date of September 30.
"We are pleased to announce an increase in our quarterly dividend," said Michael R. Hough, Chairman and Chief Executive Officer of Hatteras. "The fundamentals of the Hatteras strategy remained favorable in the third quarter and we continued to position the company conservatively."
For a review of the Company's expected remaining 2009 dividend declaration dates:
The event calendar section of the corporate web site at hatfin.com.
Additionally, the Company announced that current Director Jeffrey D. Miller has been appointed Lead Independent Director by the Company's Board of Directors, effective immediately.
"I want to welcome Jeff to his new role as Lead Independent Director for Hatteras. His familiarity with the company, his considerable REIT experience, and his commitment to best practices in corporate governance make him an excellent choice for this important role," said Hough.
As Lead Independent Director, Miller will chair executive sessions of the board, approve board meeting agendas and serve as a liaison with Chairman and CEO Michael Hough.
Miller has been a member of the Company's board of directors since November 2007. Since March 2007, he has served as vice president, general counsel and secretary of Highwoods Properties, Inc. Prior to joining Highwoods Properties, Inc., Miller was a partner with the law firm of DLA Piper US LLP where he concentrated his practice on securities, corporate governance and related strategic matters, and served as general outside counsel to a variety of publicly-traded REITs. Prior to that, Miller was a partner with the law firm of Alston & Bird LLP.
Hatteras Financial is a real estate investment trust formed in 2007 to invest in adjustable-rate and hybrid adjustable-rate single-family residential mortgage pass-through securities guaranteed by Fannie Mae, Freddie Mac or Ginnie Mae. Based in Winston-Salem, N.C., Hatteras is managed and advised by Atlantic Capital Advisors.
((Comments on this story may be sent to newsdesk@closeupmedia.com))
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