I think that you ment AGNC but no matter. You are correct, best that has happened and one needs to run with it as long as he can. The fed talked about extending the low rates till '14 so we have some time to develop a Plan for when that happens. There are many high dividend payers out there that are not affected by the FED rates, and while I like the returns I have started to move some of the money to other high quality stocks. Some are MLP's which also pay a nice dividend. But don't get me wrong I like the REITS, as the dividends alone give me over 40k a year but most all go into my IRA as reinvestment. 50k (cost basis) goes into my non-IRA account and I am currently reinvesting it as well. Easy, no real paperwork, unlike the MLP's that are always late for tax season and are a pain on the paperwork side. My Reits are AGNC, CYS and HTS and my MLP's are NGLS, MWE. I also own PSX and COP, one which may be part of an MLP by next year at this time. Just make sure you have an escape plan. You will do just fine. While I do not see them raising the tax rates on dividends for the next year, regardless of who is President, unless we have some tax reform, that could be an issue for Rominey if he is elected, unless his efforts can turn the economy around. I do not see any plan coming out of a Dem. win only because of the split in Congress. If the Dems win Congress, expect your taxes to rise, and you know they will lift the Dividend tax only because "RICH GUYS GET THEIR MONEY FROM DIVIDENDS!" At least that is what they keep telling me and I am a long way from RICH!
The primary red flag re. CYS is this -- MOST of its dividends consist of RETURN OF CAPITAL. In other words, they are not paying dividends from earnings, but simply by returning a significant portion of the money you paid for the stock.