Has this company declared their div yet? Since the div should be one month away it seems to me in past times there was a div run starting by this time. All I see is resistance around the 28.15 price point.
December's divvy will probably be around the 29th. Yes, the run should commence around mid-month but could start and sputter at any time now until reaching full strength the about 3 days before. In the past they have announced divvy and ex-date about a week prior...
My best guess is that the dividend run will begin in earnest after the dividend declaration date and before the ex-dividend date when it becomes apparent that despite decreased mortgage rates and increased prepayments, AGNC will nevertheless continue to pay a dividend this quarter of $1.40.
Singing a new tune.
"Most significantly, this could have a drastically dire impact on mortgage REITs, companies that make a lot of their money from the interest spread between borrowed money and invested assets"
It's all about risk & reward. Notice that on the "don't buy" list, the yields were not shown. However on the "to buy " list, you get a whopping 2.5%. I'll take the risk and continue to trade.
It did break the first resistance, but then hit resistance #2 ($28.32) and fell back just above resistance #1 ($28.16). The next two resistance levels above #2 are $28.45 and $28.61, respectively.
This is likely to be the low for those calls going into the divi run. If they expire after the exdiv and ITM (above $29) they are likely to be called away, specially so since the MM's are playing the capture the dividend game with huge volumes of the ITM calls.
Good morning Reits' it seems as though I have a southern(way deep) couson afterall, and I see he used my computer.Translation: Loosen the draga little bit there Reits old boy, I think she is going to run. You'll feel it when she tires a bit, then reel her in slowly. You'll know. You've been fishing this hole for some time now. There's good eating right here. When the cooler's filled we'll call it a day and be on our way until later. Northern FOXY. P.S. I think 29 has a good shot earlier in the week. Good Luck.