It's not only a great fund, but it ranks #1 of all mutual funds in the 1, 5, 10, 20, and 30 year periods. It can't be beat!
Sentiment: Strong Buy
The cost of ObamaCare insurance varies widely from state to state. CA, TX, and FL are among the lowest cost states while states in the northern-most USA have very high premiums. Part of the reason for that is that there are fewer insurance carriers providing coverage in the less populous North.
Normally, AGNC announces the dividend and XD date 7-10 days ahead of XD date. However, IF they are planning to reduce the dividend from $1.05, it may take a few days longer to determine the new sustainable dividend level. Since today is the 17th, the EARLIEST XD date would be 9/24 ... expect XD date on the 26th or 27th.
Only in the pre-market, which never counts for anything. The jobs report spooked mREITS last Friday; as Scarlett O'Hara once said, "tomorrow is another day."
Historically, KMM is a buy at or below $9. However, with the price dropping in an anti-bond, anti-income investment environment, and with interest rates moving up now, it would pay to wait until KM's share price bottoms out before buying in/more shares. KMM's recent dividend reduction (0.007 in May) --- the first reduction in many years for KMM --- is symptomatic of this environment. This avoids the "catch a falling knife" syndrome.
Watch and follow closely until the bottom forms, then buy KMM shares for income and modest CapGains.
Gee, Dave, I sure hope that you didn't break your arm patting yourself on the back.
I don't expect an announcement before market close Friday, 6/14. Historically, AGNC announces the dividend 10 days before XD date. That (XD) date in the June quarter has typically been around the 25th.
Exactly. This has been the pattern for the past two weeks. AGNC has said that they will repurchase its shares when the current market price is well below book value, as it is now. They have the cash (from the last SPO) to do this. And, it helps to support the dividend by reducing the number of shares outstanding on which the dividend is paid. Good AGNC strategy; better to repurchase its shares than to buy more low-interest mortgages now.
I suspect that any dividend cut will be much less than the market has priced into share price drop. That should kindle a buying spurt to XD.
Mostly it's SPECULATION that there will be a big dividend cut; there is little real information out there on which to base any decision until the AGNC board announces the next dividend in early June.
Looking at the trade volumes, it appears that many trades are made in the 30,000 -150,000 share range. That's about $100K - $500K per trade. Most individual investors don't have that kind of money in the game for AGNC; more likely it's hedge funds and mutual funds doing computer trading based on daily price fluctuations.