Get real. Maintaining the dividend at .35 would be a stupid thing for NLY management to do because that would be more than their earnings for the quarter. I'd sell immediately if they did that.
If you expect to get a safe 13% yield in today's financial environment you need to stop smoking whatever it is you're smoking and learn something about finance.
If the dividend gets cut to something realistic, like .25, and the price drops because that prompts clueless idiots to sell, NLY will become a screaming BUY, and I will load up.
"...because that would be more than their earnings for the quarter. I'd sell immediately if they did that."
Yet that apparently is what's been the case for i think Anvboy said the past 11 1/4's. Apparently it's not earnings that determine the payout, it's free cash flow. So, your statement of selling immediately if they pay more than they show in earnings, you're evidently way overdue. You now gonna sell immediately if you learn this is true?
It will be a tough couple days ahead with the Fed meeting Tuesday and Wednesday. Just the fact that there's speculation of a December taper caused the market to have its worst week in 4-months. Wednesday's Fed announcement will determine which direction the stock's price goes. Leading up to Wednesday's announcement could very well take us lower on speculation of the Fed decision.
BTW, I think even a dividend cut to $.32 would propel us much higher. Good Luck!
They're not going to taper in december, but it will happen early next year. I think it will be slow. I believe tapering and a 30 cent dividend is already priced in. If they cut the dividend below 30, then we'll probably go down some more. Gonna be an interesting week!