you are viewing a single comment's thread.
BTW, last quarter when CMO announced their cut dividend, it dropped 50 cents in two days. It didn't return back to its preannouncement highs before it went ex-dividend.
Currently it is only down 10 cents on the day (about 15 cents below it's preannouncement highs). This is the second dividend reduction. It also is leveraged at 8.05X. Spread was at 1.37.
The downside risk is there.