You appear to not being very bright! If this stock were to go below $10 it's thge end of the company and dividends will not be paid, dude! So you're either a moron or just another pumper that are so prevelent on Yahoo msg boards. Bashers also
Whats most interesting is everyone is extrapolating to the end of the world with agency reits. Meanwhile spreads between new mortgages and short term debt have increase 110 basis points in the last 4 weeks. That means the blended long term spread is improving as well. I'm targeting a dividend of $0.46 in the next quarter.
So now the dividend was cut to .40/qtr. Yield today? 12.8%.
I've been dripping the dividend for years in a tax deferred acct. Yes........the principal fluctuates, but I get 10+% more shares per year...every year. The stock is down 20% from the dividend payment. I'll just get more shares next month....that will pay me the 12+% dividend.
I expect to start actually spending the dividend in 8-10 years. By that time the income will be...simply.....free money.