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JAVELIN Mortgage Investment Corp. Message Board

  • smearjob smearjob Sep 19, 2013 10:53 AM Flag

    EVERY REIT WILL CUT.

    ITS COMING IN ALL REITS. BUT, the environment is changing as the Fed continues to stimulate. Spreads should do nicely in the near future, and book values in REITS will start edging up, and eventually divys will restore.

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    • wmc didnt

    • tulsadevlin@sbcglobal.net tulsadevlin Sep 19, 2013 3:50 PM Flag

      I heard JMI cut it's divy. Anyone verify please.

      • 1 Reply to tulsadevlin
      • Yea, it did cut its dividend from the previous 23 cents to:

        JAVELIN Mortgage Investment Corp. Announces Monthly Dividend Rate of $0.15 Per Share For Q4 2013
        4:00 PM ET 9/18/13 | GlobeNewswire

        JAVELIN Mortgage Investment Corp. (NYSE:JMI) ("JAVELIN" or the "Company") today announced the Q4 2013 monthly cash dividend rate for the Company's Common Stock of $0.15 per share, which represents an annualized yield of 14.1% based on the closing market price of the stock on September 17, 2013.

        Q4 2013 Common Stock Dividend Information

        Month Dividend Holder of Record Date Payment Date
        October 2013 $0.15 October 15, 2013 October 28, 2013
        November 2013 $0.15 November 15, 2013 November 27, 2013
        December 2013 $0.15 December 16, 2013 December 27, 201

        that was why it dropped 6.89% today. That means its current yield is only 14.6% versus the previous 22.4%. To me that is not worth the risk.

        There are better REITs (especially hybrid to buy).

 
JMI
12.04+0.03(+0.25%)Oct 1 4:04 PMEDT

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