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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2012
Stockholders' Equity  
Schedule of relevant dates with respect to quarterly cash dividends on preferred stock

The following table presents the relevant dates with respect to such quarterly cash dividends, of $0.53125 per share, from January 1, 2010 through December 31, 2012:

 

Year

 

Declaration Date

 

Record Date

 

Payment Date

 

 

 

 

 

 

 

2012

 

February 17, 2012

 

March 1, 2012

 

April 2, 2012

 

 

May 18, 2012

 

June 1, 2012

 

July 2, 2012

 

 

August 22, 2012

 

September 4, 2012

 

October 1, 2012

 

 

November 20, 2012

 

December 3, 2012

 

December 31, 2012

 

 

 

 

 

 

 

2011

 

February 18, 2011

 

March 1, 2011

 

March 31, 2011

 

 

May 20, 2011

 

June 1, 2011

 

June 30, 2011

 

 

August 22, 2011

 

September 1, 2011

 

September 30, 2011

 

 

November 21, 2011

 

December 1, 2011

 

December 30, 2011

 

 

 

 

 

 

 

2010

 

February 19, 2010

 

March 1, 2010

 

March 31, 2010

 

 

May 21, 2010

 

June 1, 2010

 

June 30, 2010

 

 

August 20, 2010

 

September 1, 2010

 

September 30, 2010

 

 

November 19, 2010

 

December 1, 2010

 

December 31, 2010

Schedule of cash dividends declared on common stock

The following table presents cash dividends declared by the Company on its common stock from January 1, 2010 through December 31, 2012:

 

Year (1)

 

Declaration Date (2)

 

Record Date

 

Payment Date

 

Dividend Per Share

 

2012

 

March 23, 2012

 

April 4, 2012

 

April 30, 2012

 

$

0.240

 

 

 

June 27, 2012

 

July 13, 2012

 

July 31, 2012

 

0.230

 

 

 

September 28, 2012

 

October 12, 2012

 

October 31, 2012

 

0.210

 

 

 

December 12, 2012

 

December 28, 2012

 

January 31, 2013

 

0.200

(3)

 

 

 

 

 

 

 

 

 

 

2011

 

March 31, 2011

 

April 11, 2011

 

April 29, 2011

 

$

0.235

 

 

 

June 30, 2011

 

July 14, 2011

 

July 29, 2011

 

0.250

 

 

 

September 26, 2011

 

October 11, 2011

 

October 31, 2011

 

0.250

 

 

 

December 14, 2011

 

December 30, 2011

 

January 31, 2012

 

0.270

(4)

 

 

 

 

 

 

 

 

 

 

2010

 

April 1, 2010

 

April 12, 2010

 

April 30, 2010

 

$

0.240

 

 

 

July 1, 2010

 

July 12, 2010

 

July 30, 2010

 

0.190

 

 

 

October 1, 2010

 

October 12, 2010

 

October 29, 2010

 

0.225

 

 

 

December 16, 2010

 

December 31, 2010

 

January 31, 2011

 

0.235

 

 

 

(1)  Table excludes special cash dividend of $0.50 per share payable on April 10, 2013 to stockholders of record on March 18, 2013.  (See Note 17)

(2)  During the 2012 and 2011 periods presented, the Company declared its common stock dividend in the final month of each fiscal quarter.  For the 2010 periods presented, the Company declared quarterly cash dividends on its common stock in the month following the close of each fiscal quarter, except that dividends for the fourth quarter of each year were declared in that quarter for tax reasons.

(3)  At December 31, 2012, the Company had accrued dividends and DERs payable of $72.2 million related to the common stock dividend declared on December 12, 2012.

(4)  Includes a special dividend of $0.02 per share.

Schedule of public offering of common stock

The table below presents information with respect to shares of the Company’s common stock issued through a public offering during the three years ended December 31, 2012:

 

Share Issue Date (1)

 

Shares Issued

 

Gross Proceeds
Per Share

 

Gross Proceeds

 

(In Thousands, Except Per Share Amounts)

 

 

 

 

 

 

 

March 11, 2011

 

74,750

 

$

8.10

 

$

605,475

(2)

 

 

(1)  The Company did not issue any shares of common stock through public offerings during the years ended December 31, 2012 and December 31, 2010.

(2)  The Company incurred approximately $438,000 of expenses in connection with this equity offering.

Schedule of accumulated other comprehensive income/(loss)

 

 

 

 

Net Unrealized

 

Net Unrealized

 

Total Accumulated

 

 

 

Gain on

 

(Loss)/Gain

 

Other Comprehensive

 

(In Thousands)

 

Available-for-Sale MBS

 

on Swaps

 

(Loss)/Income

 

Balance at December 31, 2011

 

$

55,491

 

$

(114,194

)

$

(58,703

)

Current period other comprehensive income (1)

 

769,317

 

51,363

 

820,680

 

Balance at December 31, 2012

 

$

824,808

 

$

(62,831

)

$

761,977

 

 

 

(1)  For further information regarding changes in current period other comprehensive income, see the Company’s consolidated statements of comprehensive income/(loss).