Think before you make the short sellers happy. People @ 7.00, .84 div a yr = 12%. Armour says its good for April, May, and June. 12% guaranteed next three months. Dont panic people. @ 6.00 .84 div a yr =14%. I dont think you buy a monthly paying div stock for increase in stock value, I have 5,700 shares if it drops close to 6.00 I will own 10,000 shares. Use your head and dont panic,,,,,,,,,,,,,,Think. May the gods of investments smile upon you.
You ever hear that song "it wont be like this for long".... They will soon be very strong.. Only a matter of time before interest rates rise once again. I would wait just a little longer then buy the #$%$ out of it again for the long...
I hear you. But here's the problem. There are many other better REITs from which to choose. Don't get me wrong. I own 20k shares. But ARR, given it's management, needs to trade at a higher yield than say AGNC or MTGE to name a couple.
MTGE .90div per 3 months
ARR 4 shares for the cost of 1 share MTGE pays out a total of .28/per month with the new .07 div payout.... I would take a .02 loss any day to recoup my original investment 3 times faster.
Arr always trades arround a 14% yield to compensate for the high risk. The share price will soon settle to arround $6 to adjust the yield back to 14%. You have your head in the sand. Also, the #$%$ running ARR are playing with announcement dates, buyback announcements, div cuts, preferred stock issues, etc., in attempts to manipulate the pps.......they are not trustworthy. Do you realize that ARR has no employees, is not a real company and is just an arbitrage play managed by a few people? Check it out.
I agree. I sold 1/3 of my shares last month on the ex-divvy date, 1/3 yesterday, and the final third this morning at the opener after reading about the divvy cut.
I may buy them back for $6 or less per share after the share price adjusts.
I do not think your thoughts are correct. Why? Look at CYS they just reduced their divi from $1.60 to $1.28 and the stock initially dropped slightly while now it is again moving higher. CYS yields about 10.5% while ARR is currently trading with over 12% yield. Investors are hungry for income and once we get through the fed's tightening of spreads these stock will start to grow their divs again.