WMC in its short time in existance was able to surpass MTGE in its quarterly dividend this quarter.
Even with WMC up .70 in pre-market trading WMC has a 15.97% yield, compared to MTGE's yield of 13.85%.
It's possible that MTGE is too bent on growing the company instead of taking care of its existing shareholders.
How about a buck this quarter?
A one dollar per quarter dividend would yield 14.81% at 27.00 per share.
As MTGE shareholders we've gotten no "special dividend" nor a raise in quarterly dividends since MTGE first increased its payout to .90 some time back.
There's always been much overflow, but the overflow helps pay for the new share's dividends.
It's time for MTGE to pony up a bit more this quarter or imo, WMC or AMTG will surpass MTGE by next fall.
I'm ok with what they have been doing Foxy.
They have been storing some in undistrubted taxable income..
Last year that made sense.
It was hard to predict when he fed would unwind things and having some padding was good.
Now that there is more clarity, lets see what MTGE will do.
Hard to tell though because Gary Kain seems to like a consistent dividend.
So it may be he has to be dam sure he is happy he can maintain a higher dividend for some time before he raises it.
I'm a bit peeved.
As a long time MTGE shareholder(I do trade MTGE as well),
I can't help but to be a tad jealous of WMCers.
I traded WMC a bit and made money,
selling my shares when I thought the "special dividend" run-up was over.
I saw it as a bit of a "slight of hand", expecting WMC to have an offering afterwards plus a reduced dividend this quarter.
Isn't that what happens after you give away all the "extra money" to the shareholders,
that there won't be enough for the next dividend?
Many long term holders on this board have been clammorring(?) for a buck for well over a year now,
to no avail.
What is a MTGE holder to expect?
Not a dividend raise or a special payment,
but another spo as soon as MTGE again comes into range.
PLEASE give us a buck next quarter.
With WMC already paying .95,
1.00 isn't all that special all of a sudden.
On second thought,
How about 1.10?
Foxy; that may be true but the NAV of MTGE has grown well over the year as well. Making it a good long term hold. If I may say, chasing the highest yield can drive one crazy and entail a lot more research effort. I prefer to relax and enjoy solid, if not the best, earnings and lower blood pressure.