I was afraid of this, I almost hit the buy button a few days ago at 2,81, glad I held off, with the dividend slashed and the inevitable hit to NAV that is coming, this will probably test 2,50
And a well deserved bashing it is.
AGNC & NLY, same div as 1Q. CIM div cut 18%.
Takes more than 8 months to decide proper accounting for some securities. PLUEEEZE! Get your act together.
36 cents on 2.76 economic book value = only 13% yield.
AGNC, 5.00/33.00 = 15.15% with all agency.