X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEWPORT BEACH, CA-Locally based Impac Mortgage Holdings Inc. has announced that it will pay out a second quarter dividend of $.43 per common share in July.

This second quarter dividend will be paid on July 12, 2002 to shareholders of record on July 3, 2002, according to a recently released company statement. The $.43 dividend reflects an increase from the first quarter of 2002, when the dividend was $.40. Earlier in the year, Impac officials did set a standard of creating stability in the 2002 dividend rate, aiming to maintain it at $.40 or higher.

Impac has been enjoying a more favorable year in 2002 than was originally anticipated by company officials. They have already revised the year-end projections several times this year, with the most recent change occurring last month. In that revision, officials estimate that total assets will exceed $5 billion by the end of fourth quarter 2002.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.