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Newcastle Investment Corp. Message Board

  • bobdbeck bobdbeck Jun 18, 2013 5:32 PM Flag

    OT: REIT divvys declared today"

    AGNC cut to $1.05 from $1.25 (a larger cut was expected)
    MTGE cut to $.80 from .$90
    IVR maintains at $.65
    NYMT maintains at $.27
    AI maintains at $.875

    All in all not too bad with the recent REIT turmoil.

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    • That is about a16% reduction for agnc and just over 10% for mtge. Those sound like pretty large reductions. Of course both pps may have corrected even more than the divy redux already (i don't own or follow these cos). Do you think the new declared divy amounts are sustainable going forward for these if interest rates go higher and/or fed tapers QE? And what is your opinion on which of these two cos are better investments going forward Bob? I seem to recall u own both if my memory serves correctly.

      • 1 Reply to wallysboy1
      • Hi Wally. Yes, do own both and expect a nice pop in share price tomorrow morning (a/h showing strong upward prices). Investors have been anticipating a dividend cut in both ever since the most recent earnings report. I'd favor MTGE over AGNC as they're much more into non-agency investments, vs. AGNC's strictly agency paper. I think they can both maintain, or even raise back their dividends in the next quarter or two. They're both still paying well over 15% with the cuts. I'd guess about a 10% price rise in the next week or so

    • Thanks bob. Good information to have.

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