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i do, thats why i sold Priceline at 747 and Aple at 699 after making more money than had i own AGNC. Bought McDonalds today at 45.25, oversold and good dividends, Bought AT&T at 29,99 nice dividends Bought Starbucks at 45, another oversold company
Where the hell did you hear Obama say that?
On a serious note AGNC is currently trading at only 95% of its book value of $32.51. Historically AGNC trades at 110% or more of B/V, its a screaming steal since its hedging has made its portfolio quite profitable.
Sam Stovall, chief equity strategist at S&P Capital IQ, said dividend-paying stocks have been hit harder than most in recent weeks, in anticipation of higher dividend taxes in 2013, as well as a possible higher capital gains tax.
Goldman Sachs economists recently wrote that they believe the ultimate outcome on the dividend tax rate will be that it and capital gains would be pushed to 20 percent rate, as favored by Senate Democrats. But the rate would then be nearly 24 percent for the wealthiest tax payers. Other scenarios include dividend tax rates that would be graduated to a higher level for the rich.
You buy a dividend paying stock to produce INCOME. If you SELL It, You get NOTHING? Really?? Lets see. AGNC was trading at 35.77, now its at 28 and change. Thats a drop of more than 20%. Erasing the 16% dividend yield for anyone who bought it at $33 or cutting in half the yeild for anyone who bought at $30. Buy AT&T if you want growth and dividends or McDonalds which has botom at $84 and change and is bouncing back