That's fine with me. I did not buy it for capital appreciation. I am fine accumulating more shares in this price range and reinvesting my dividends
btw, I say below, allot of resistance at 10.00. Hopefully my august 21 $10 calls and august 28 $9.50 puts will both expire worthless!
I suggest something like this Pick your own stock My wifes distribution annually was $6000 per. I bought 6000 shares of NYCB paying at the time a dollar a share($12per) so now the stock is almost $19 and she still gets the buck a share Lucky investment
Earnings not 7 straight quarters with 25c. Here is earnings history. Do you see a trend?
8/5/15 Q215 N/A
5/6/15 Q115 $0.25
2/24/15 Q414 $0.30
8/6/14 Q214 $0.30
5/7/14 Q114 $0.23
2/25/14 Q413 $0.35
11/6/13 Q313 $0.28
5/1/13 Q113 $0.47
2/6/13 Q412 $0.46
11/5/12 Q312 $0.45
8/1/12 Q212 $0.55
2/7/12 Q411 $0.54
11/1/11 Q311 $0.65
8/1/11 Q211 $0.71
Yes. ROTH is the best place as the dividends will always be tax free. In a traditional IRA the dividends won't be taxed initially, but of course any money withdrawn from the traditional IRA will be subject to taxation
Yes you can. I do. I have some in my traditional IRA and more in my ROTH IRA. It is better to have NLY in a ROTH IRA because the dividend won't be taxed. In the traditional IRA any money you withdraw will be subject to taxes, but of course until then the dividend is not taxed.
Give me a break. The div is cut over and over, it was 55c, now down to 30c, soon 25c. The stock price which you say to ignore totally has dropped substantially, which means the calculated yield on the portion of your money which is left stays the same around 11%. But you are losing money, as you do in any levered bond when rates rise. The losses are real, that money isn't coming back. You put in $100K to earn $11K per year. After many years you have $60K and are no longer making $11K per year now you're making $6600 per year. And that's good? You have capital losses far exceeding the cumulative dividends earned, and that is true over most any period in the past 4 years you owned it 'for the long term'. Had you simply put that money into a checking account earning $0 interest for 4 years, or put it under the mattress, you would be ahead.
IMO the book value of this stock will give you a fresh reason to look at the stock price and you will not forget it either in the future.. It will hurt unless you live long enough for the market to start reducing rates like it did from the 1997 era