I'm glad somebody noticed that on dividend days someone is selling a lot of REITs stocks during the extended and re market hours lowering the stock price around the price of the dividend. They are more interested in lowering the stock price than capturing the dividend. It has to be the option players. They know that no one will be buying the stock so it wil take very little selling to get big results. Call the company and conplain. I also printed the chart on dividend day and sent it to the finanical officer.
Best to trade, buy about month to 3 weeks b4 run up to exdate. Sell just b4 exdate, sit back and reload again. Only risk time to market is a month at the most. If an SPO comes, buy then. Reits now are not a buy & hold play, dividends or not.
I disagree. I've seen people get burned recently with AGNC, many sold before the ex div only for the share price to recoupe 4% in less than a week. They loss their dividend AND loss their capital appreciation. Double whammy. I have to admit I sold a portion before the ex div but kept 2/3 of my position. I think its best to keep a balanced approach to these reits. Hold a core position with cheap shares, and play the buy/sell game with discretion. As long as you do not LOSE money.
Have you been successful with your strategy in 2011 - all 4 quarters?
I agree with your strategy, although you do get some bargain pricess after ex-divvy.
The days of NLY over 18+ appears to be history; even anything above 17.50+ is a pipe dream.
Don't be a noob. NLY and other reits always trade lower for a week or two after ex-div. That coupled with a little more risk-on environment leads to some repositioning at NLY's expense. Take a deep breathe. NLY will be fine.
<<....., all seem to take 2 steps back and one step forward? Where is the profit for the investor? >>
How about buying after the two steps back, and selling after the one step forward?