Prediction. 0.25% raise, little effect on anything. 0.25 dividend announced within a couple days from now. NLY trading comfortably in mid 8's within a month. Within a year, reverse split 1:2. Not immediately but within a year from then, new issue of common, secondary offering to raise capital.
You have to remember this company is not managed for common stock holder's benefit. It is run for management's interest.
I've been putting money into NLY for almost 10 years and never thought much about it, occasionally just glanced at the alleged dividend rate - 12% OH SURE!! Until recent crash I looked. Except for the first couple years of decent performance, the next have been STRAIGHT DOWN !! from 22 to 9 ? what kind of record is that?!? Who are these guys running the company for? How can they keep straight faces when talking about "good returns" when the collapse in share price is greater than the dividends distributed - and we even get to pay taxes on those phantom 'gains'. Year after year after year, running it in the red? These guys are CROOKS !! And it's all LEGAL !!!!! Get the heck out everyone, they're going to ZERO.
Sentiment: Strong Sell
You guys are so dramatic. All high yield is going down now. If you are unsure as to why, there is an expected .25% rate rise tomorrow. So even quality stocks go down, it's all psychological. You must be smarter than the herd and just relax. It's that easy! And yes, again, it's really that easy. Seriously, don't overthink it or try to convince yourself otherwise:-)
Oh and by the way, you can take that dividend and throw it out the window. Even insiders are taking s beating on this stock. Officer Schaeffer purchased 125k shares at 15.25!
Agreed. This stick does suck. I've been laughed at. Scoffed at. Basically dismissed as a know nothing. Yet I've nailed this stick to the tee. It's a loser. Get the hell out of NLY.
Not a good strategy to wait for the div. Sounds like you have about 4,000 shares. Sell now and split the baby. At best, in my opinion, waiting here for the dividend will be a break even proposition, maybe, how this holding is being distributed right now. If you do hold, then what do you do - sit there again to go through this next quarter, maybe even worse if they start with the monkey business then.