COLUMBIA, Md., March 17 /PRNewswire-FirstCall/ -- Fieldstone Investment Corporation announced today that its Board of Directors has declared a quarterly cash dividend of $0.48 per share for the quarter ended March 31, 2006. The dividend will be paid on April 28, 2006 to stockholders of record at the close of business on March 31, 2006. The common stock will begin trading ex-dividend on March 29, 2006.
About Fieldstone Investment Corporation
Fieldstone Investment Corporation, a real estate investment trust for federal income tax purposes, owns and manages a portfolio of non-conforming mortgage loans originated primarily by its mortgage origination subsidiary, Fieldstone Mortgage Company. Founded in 1995, Fieldstone Mortgage Company is a nationwide residential mortgage banking company that originates non- conforming and conforming residential mortgage loans through over 4,700 independent mortgage brokers serviced by regional wholesale operations centers and a network of retail branch offices located throughout the country. Fieldstone is headquartered in Columbia, Maryland.