Hey bonehead…what was the share price in 2006 when it hit 10c? For your information it was $12 therefore you are missing a major factor which is the share price. We are way undersold and not even close to 10c . Therefore make sure to buy some Monday am before its too late.
Good point Mrs Bonehead, but if you use your bonehead, you will see that the dividend then dropped like a rock from 35 to 10 and in the next quarter stabilized at 10. So even before the market had time to FULLY adjust to the DIVIDEND DROP( NLY had already dropped from about 19 to 11 - how much more drop can one expect in 6 months anyway ? ), the dividend had stabilized. But this is like water torture - and will continue ? Who knows.
Anyway - my advice to you is grab all the NLY shares you can get hold of with your two hands on Monday.