I enjoyed her more when she had that Jersey Shore big hair look. If she stopped her insider innuendos w her on air colleagues, she would gain some credibility IMHO
You are exactly correct re the dividend as well as the lack of understanding of so many who "invest". And, since someone wanted the T dividend, they exercised the July calls I had written. I lost the dividend, but on net, wound up w a higher percentage return If Exercised than the Same Price return w dividend. Now the cash will be dry waiting for the EuroFiasco to play out.
But Intel doesn't market addictive products that cause cancer; does not have to confront increased consumer advertising that shows in grisly detail the physical effects of tobacco; and does not have to face the specter of lower demand affecting state tobacco settlement bonds.
Don't you think that the states and/or the investors will try to reopen those agreements when they realize that the payments from LO and other tobacco firms will be below the original now too optimistic assumptions?
Lorillard, Inc. (LO)-NYSE
134.82 Apr 24, 4:00PM EDT
Pre-Market: 127.00 Down 7.82 (5.80%) 8:55AM EDT - Nasdaq Real Time Price
It is explained very easily. They just throw money at something (like those ING advertisements) and then one day, "discover" that everything fell on top of them.
From today's WSJ: "Bond King's Trade Pays Off
Pimco's Bill Gross Wins With Bet on Mortgage Debt;.....
"Mr. Gross is looking better because of big bets on mortgage-backed securities issued mainly by Fannie Mae and Freddie Mac. He has increased the Total Return Fund's holdings in such bonds from 38% in September 2011 to 52% at the end of February, according to Pimco. "
Can we expect a similar positive Q1 effect at NLY?
The next dividend was just posted to :
Distributions Detail as of 2/29/2012
Ex-Date Record Date Payable Date Total Distribution
3/1/2012 3/5/2012 3/7/2012 0.53672
The IRS thinking appears to parallel that used in determining the specific dates for long term v short term, etc, ie: the Trade Date v. Settlement Date (or T + 3) when buying or selling equities.
Thank you for quoting the specific IRS guidelines.