by the time they cut the div, if they do, the price will have dropped to an over reaction. Reits don't only make money in low interest settings what they need is stable interest rates. The Fed is raising rates so they have some bullets for the next recession. IMO Reits are a good investment for the long term.
For those of you who think, or are waiting for the stock price to increase, you're in the wrong stock. This is purely a dividend play. Nothing more. I'm a prime example of this. I bought this stock in 2011 at an average price of around $19 per share. I've been reinvesting the DIV ever since. I haven't bought anymore shares, but my balance has grown to a 60% gain. I will take 60% all day long over a 5 year period. The shares I now own has doubled. So even though I'm down $4 on my original share price, I'm way up in value. DRIP DRIP DRIP and don't worry about the share price.
Laughable today small sell off over inflation and another 1/4 to 1/2 rate hike to compete with this power house REIT paying 16%
Next time you have the hankering to use a negative to miraculously elevate yourself in the form of mind made self referential negation that inherently ends of up being repressed and rationalized, thus, leading to additional heightened levels unconsciousness................stop, reflect, and realize that "intelligence is invisible to the people that have none."
Chimera was trading at 11 bucks at the time; hence, my comment "Will be back to 15 before you know it."
Here is what this Chicken Little said on March 5..........'I wouldn't be surprised to see CIM jump to 15.50 by ex divy date. This special dividend it going to go a long way, in the eyes of many.'
Since the beginning in Dec 27, 2007 there has been $21.18 in dividends paid out I cant recall how many I've collected but its been a great investment
Absolutely. That's why I'm wondering where they all are now. I'd like to hear what they have to say about the run-up. I have to read their doom & gloom when it is down, where are they when it's up?