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Arlington Asset Investment Corp. Message Board

  • ehcowden ehcowden Mar 21, 2013 2:34 PM Flag

    DIVIDENDS SINCE 2003

    AI has faithfully paid dividends since 2003 and has proved to be a reliable source of dividend income. While many new entrants have come into the Reit market, most do not have the same level of experience or , more importantly, the historical dividend experience. It doesn't take a great deal of volume to move ai's price up or down. This is, in my opinion, NOT a good one to trade but a very good one to hold and collect dividends. Would welcome thoughtful comments...thanks EC

    Sentiment: Hold

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    • Not quite. AI passed on paying dividends in 2008 and 2009, to the point that the stock price dropped to 50 cents. It was only a 1 for 20 reverse stock split that got the price back to $ 10 at that time. Not much woirse than other financial firms at the time, and better than the ones that went bankrupt, but certainly not a reliable source of dividend income for those years.

      But I'm not complaining. I wasn't there for those losses, and it was those losses that allowed AI to give up its REIT status (sheltering its income from corporate tax), and makes its dividends qualified for the lower Federal tax rate. Much better than the other mREITs. But as basically a micro-cap, much riskier.

 
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