If rates hadn't skyrocketed over past two weeks increase would have been $.02. I believe they did $.01 to conserve cash in the event originations fall off a cliff due to the increase in rates.
I couldn't agree more I've been screaming for them to just make the call .They knew a week ago after the board met. MORONS. We now need a bounce tomorrow to get any pop, I think we go down more Friday. GLTA Buckshot
LOL. Perspective matters in such things. What genuses. If they'd announced this morning I wouldn't have been able to pick up the cheap shares.
And a special thanks to all the true morons ... the people who sold the price down today.
not necessarily, nly and agnc both got slashed today despite very respectable dividends. Ras is a little different but it probably would have still be tarred by the same brush. Margin call is margin call and folks who face it have to meet it no matter what. When the sky is falling.......
They weren't late, even by the board's estimates. The close today was within their normal date range for dividend announcements.
And I'd guess they didn't know until today. I would imagine that the board put conditions around the size of the dividend last work and that management was waiting for more information before finalizing the number. Take this as another sign that the 2Q results are likely to be good.