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Annaly Capital Management, Inc. Message Board

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  • rogerwenman rogerwenman Jun 2, 2012 1:04 PM Flag

    Is NLY a buy at current price?

    From the MTGE Stats page:

    Forward Annual Dividend Rate...3.60

    Forward Annual Dividend Yield..15.10%

    Trailing Annual Dividend Rate...1.90

    Trailing Annual Dividend Yield..7.10%

    Roger the Newbee

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    • Roger,

      A forward rate describes what a year's worth of dividends, based on the single past dividend will be 1 year from now at the current PPS(price/share). So for MTGE their last dividend was .90. Four annual(Quarterly) dividends @ .9 will give 3.60(4x.9). Based on the current PPS that will actually be a 15.37% yield.

      The trailing looks back in time and adds up the previous years dividends, (.2 + .8 + .9) or 1.90. Since MTGE has not been around long enough for 4 dividends it added up the only ones it could , which were three. Based upon the current PPS, that yields 8.10%.(the numbers you quoted were when we were trading at a different PPS)

      You can take to the bank that MTGE will have a .9 or higher dividend declared within the next two weeks, or so, and that will give you 15.37% yield going forward, based upon .90, and 17.07%, based upon 1.00. Not bad, right?

      Again, stay with the winners AGNC and/or MTGE. Sell NLY, ASAP, and buy MTGE, as soon as MTGE announces their dividend in the next few weeks.

      Make sense?


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