Not concerned....the press releases for months have been saying they have been issuing more stock to make more investments so of course until they are fully realized it will impact the dividends slightly as the capital on other returns is reinvested. Growth is good and to be able to do that in today's environment tells you this thing will fly especially when real estate across all types start coming back. The NLY positioning at this point will greatly appreciate and the long invested shareholders will be rewarded-cash flow equals will pay great 'dividends'.
Great point jmkdog. This section is one of the few areas where you can still nail a nice return and not get hammered. Yes, the price will bounce up and down but after receiving a few dividends, the fluctuations with the price are pretty harmless and normal.
Many of our posters "trade" this stock which is fine as well. I prefer to buy and hold in this section as it pays me more money in the long run that trying to buy/sell. I'll buy more but usually wait until a down day or several down days before adding to my holdings. I hold three reits long. NLY, HTS, and ANH
To me, the latest Fed statement and Bernanke's press conference indicate that rates will remain low and therefore NLY's spreads will remain high. I think that the dividend is safe for at least a year, though that is just my opinion. In full disclosure I am long common stock and long calls on NLY. Barring another big run up into earnings next week (i.e. a stock price above $18.00 or so), I expect to hold those positions through earnings, which I expect to be strong. I also expect to hear optimistic guidance on the conference call.