Albuquerque Journal (Albuquerque, NM)

Thornburg To Pay Dividend.(Business)

AROUND NEW MEXICO

Thornburg Mortgage Inc. of Santa Fe on Friday announced a fourth quarter preferred stock dividend of 60.5 cents per share.

The dividend will be payable on Jan. 10 to preferred shareholders on record as of Dec. 31.

Thornburg Mortgage invests in adjustable-rate mortgage securities and adjustable-rate mortgage loans. The company generates income from both its direct investments and from the difference between the yield on its assets and the cost of its borrowings. …

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