pirate, whats the big run up today... got some money to buy sdt today and pop, up 3% pretty much from the open... is this riding SD coat tails on barrons read or really early start to the divi ex date run (june 30?)... seems way to early for divi run, looking to buy in but would like to buy on dips below 25 / 24.50... what's up?
You do understand they are hedged at around $100/BBL? Not 100% but somewhere in the low 60% I think. There is going to be a dividend and a healthy one, and 79 more just like for each successive quarter.
NLY which I own borrows short and lends long through agency certificates. There will come a time when they cant generate the spread they have today, and the dividend will drop.