Hey...I'm on record as loving the management of NLY. I have owned lots of it on more than one occasion and I plan on owning it again. Mike Farrell is a very smart, and in my opinion, honest fellow. I like betting on the Farrells of the word and you can have the Eisners.
The market as a whole is down today and has been goin sideways all year, having said this every stock and mutual fund is up and down....just hold for long term and enjoy high divdends til recovery....if u sale everything where does money go
What ex-dividend date are you talking about? It went ex on 28th September. How does that affect what happens on Monday?
NEW YORK--(BUSINESS WIRE)--Sept. 20, 2004--The Board of Directors of Annaly Mortgage Management, Inc. (NYSE:NLY - News) declared the third quarter 2004 common stock cash dividend of $0.50 per common share. The annualized dividend yield for the quarter, based on the September 17, 2004 closing price of $18.28, was 10.9%. This dividend is payable October 27, 2004 to common shareholders of record on September 30, 2004. The ex-dividend date is September 28, 2004. It continues to be the intention of the Company not to return capital to shareholders.
<< Beware the normal price drop after the ex-dividend date. We will go below 17 on Monday. Additional downward pressure because of the bad news from other mortgage REITs. Will we see 16 shortly? >>
<< What ex-dividend date are you talking about? It went ex on 28th September. How does that affect what happens on Monday? >>
I am talking about the NLY ex-dividend date! NLY likes to take a double dip. It takes the normal price drop on ex-dividend date, but also usually shows weakness sometime in the first month after x-div. Due the the extreme weakness on Friday, I expect to see it drop below 17 today. It is teetering right now at that 17 support. If it doesn't break below 17 today, it will soon. How low it will drop below 17 is anyone's guess. Last quarter it dropped to 16.