This is a buy for anyone who wants to own a $70 stock in the next 12-18 months and we will see another $.05 increase in the dividend early next year. I have a few 5 year CD that matured in the last 60 days the dividend is greater than what I'm receiving form the bank. If you want more income sell the covered call for Jan 14.
I bought AGNC when it was $28 from your Professor Klumps recommendation and I got dividends equal to 18% on my original investment and the stock is now $33, almost a 20% capital gain. That is 38% safe return. If you bought this dog, you got a 20% capital loss and a paltry 2% divy. There are alot of better investments out their than a loss ridden no growth bank. Banks have no growth going forward for 20 years, until they absorb all those bad loan losses.