WOW! With one day left before ex-date I'd like to congratulate ARR management for a wonderfully timed SPO a month ago. It went from 7.09 down,down,down and never recovered much. Question is where does it drop to after tomorrow? On the other hand AGNC is having a marvelous div run. Glad I sold my ARR today and put it in AGNC.
You are right.. I bought last month at 6.95 for the dividend. Then, I was shocked when they announced the SPO a day before the dividend. I bought more the next day to average my cost. However, till now I am still in the red. Now, do I still get the div. if I sell tomorrow (the Ex-Div date) ?
I've owned ARR since they went to monthly dividends. I've bought shares as low #$%$50 and as high as 7.15 and I've sold some as high as 7.75 during this time. I seen the div go from .12 to .08 which I find troubling but it's still a good place to earn a decent return. Buy when it drops and lighten up when it soars.
You were lucky to have gotten in at that price. However.we have not heard from those who bought at 7.09 or 7.00 or even 6.85 that were counting on the price going up as it usually does two weeks or so prior to ex-div. Looks like an ill timed SPO put the kybash on that notion. Those people are not as giddy as you seem to be. However,AGNC is doing well with their div run and I am very happy about that since I now own it and NOT ARR.