The Board of Directors of Hatteras Financial Corp. (NYSE: HTS) ("Hatteras" or the "Company") today declared a quarterly dividend of $1.00 per common share for the first quarter of 2011. The dividend will be paid on April 22, 2011, to stockholders of record on March 18, 2011, with an ex-dividend date of March 16, 2011.
"We believe market conditions remain favorable for the execution of our strategy at Hatteras," said Michael R. Hough, the company's Chief Executive Officer. "The steep yield curve provided strong investing and hedging opportunities during the quarter as we invested the proceeds of the January capital raise. We are pleased to be able to distribute earnings of $1.00 per share which reflects both high available net interest margins and the timing of capital deployment. We think the environment in which we operate will remain on the whole favorable for an extended period but we will take the necessary steps to ensure Hatteras operates in a prudent and defensive manner."
For a review of the Company's expected 2011 dividend declaration dates, please visit the event calendar section of the corporate Web site at www.hatfin.com.
About Hatteras Financial Corp.
Hatteras Financial is a real estate investment trust formed in 2007 to invest in 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 LLC. Hatteras is a component of the Russell 2000® and the Russell 3000® 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 Section 27A of the Securities Act of 1933, as amended, and Section 21E 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," "will," "expect," "intend," "anticipate," "estimate," "should," "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. Forward-looking statements in this press release include statements about market conditions.Factors that may cause actual results to differ materially from current expectations include, but are not limited to, the risk factors discussed in the Company's most recent Annual Report on Form 10-K as updated in its Quarterly Reports on Form 10-Q. 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.
Contacts:
Hatteras Financial Corp.
Kenneth A. Steele, Chief Financial Officer
www.hatfin.com
or
CCG
Investor Relations
Mark Collinson, 310-954-1343
Partner
www.ccgir.com
