MTGE's bumping up against it's all time high at today's close of $26.30.
Any thoughts on how much higher it goes to by Exdiv?
Prior to the SPO I was thinking $27 but it's come back so much since then - we're almost already at $27.
Your thoughts are appreciated.
December was squirrelly because of the fiscal cliff issue. Looking back to September, the gain from 9/6 close (corollary to today) to the high before the Ex-div (occurred at the open on the DBEX) on 9/18 was $1.54. Add that to today's close of $26.30 and I get $27.84 based on a $0.90 dividend. Not sure I'd stay in to see that unless they do raise the dividend; $27.50 would be a nice return for me and this market has me wondering if it can hold strength for the next 12 days.
true on the 12 days of strength, and i forgot to mention the new shares (many of which will be traded on the run up to ex date) and often hold pps back somewhat..... may be more of issue over at agnc due to SO closer to exdate (may get more short term traders).... yes 27.50 with the .90 and i would be a happy camper... gl