Finally announcing the dividend removes a source of uncertainty, but the enormous variability of the dividends creates a new source.
NYMT AGNC and MTGE are all keeping their dividends the same.
I bought NYMT this morning before it fully reacted to the news. NYMT also has a 38% short interest who will have to cover in the next few days or be on the hook for having to pay the dividend.
Someone has to explain to me how Yahoo (which is where I assume you got you numbers) does its math...There are 49.3 mil shrs in the float ...there are 4.85mil shrs short...(all according to Yahoo) that is 9.8% (less than 10%) of the float shorted...how then does Yahoo come up with that number of 38.7% of the float is shorted. Is there a magic formula I am missing.....TIA
Please do not mention a stock like NYMT in the same breath as AMTG, the dog. Simply look at the price action every single day. NYMT is literally up every day. AMTG, um, well, between that and ARR I can't tell which is the biggest dog. ARR probably, that one is really really really bad to the point where it will ruin your life. AMTG is somewhat tolerable I guess for the divvy. Jesus though, these REITs. If you are not in NYMT or TWO it seems you can't really make money. I'm not in those (I'm a loser).