This has always been the case. That's what I hated about owning NLY so I just day traded it. The CEO and directors pay themselves way too much money and their pay should be adjusted when the share price dropped from $17.00 a share to where it is today.
I agree-Patriotforfree needs to get off this board. I have a buy in for PFE today but it has not filled yet. I think this is a buy under $29.00 but trying for $28.75. I see it hit that today but I was too late.
pfe - 182.85B market cap with a PE of 8.90 and pays a dividend of $3.50% current price per share is $28.67.
mrk- 166.01B market cap with a PE of 37.47 and pays a div of 3% current price per share is $56.83
bmy- 82.70B market cap with a PE of 28.83 and pays a div of 3% current price per share is $49.58
PFE is a better buy sporting a very low PE and 1/2 the price per share of MRK with a higher dividend too.
You are right. Just need to hold before and a couple of days after the ex div. I sold one too fast even though I bought before the ex div. Sometimes takes 3 days to execute and I lost the div.
In April the acquisition price to management was $7.54 a share according to insider trading. This is such a scam, they will B-S the profit margins to run the stock up so they can all make money again regardless of the true bottom line. For that reason; I am in again. Just want the bull to continue so I can get out with some profit.
You were wrong and they beat on earnings today. Up after hrs. and heading higher. I think all REITS will gain especially HCP since ex div is Monday if you buy by tomorrow. Need to own by Monday.
and so I did today. Will play this again if it drops back off. Remember the secondary offering was at $5.50 so they still need to break even.
There were two stock splits also (2 for one) and (3 for one) since then so the dividends alone would be over $17,680.00 in 17 years if you held 1,000 shares.
I've been hearing about the Fed tightening for over a year now and so far interest rates are still low. The economy is not recovering and the banks are still having problems. Gold is stagnant and unemployment is still above levels not desirable. I'll take that dividend for years and it will cover the slight reduction in share price. It just depends on what price you get in at. I bought MFA and TWO and sold because the dividends put in in a positive gain for a nice profit. I have always liked HCP and have watched it for years. I am on my 5th purchase; capture a dividend or two and sell some but keep my original investment for quarterly cash. It's a good player. Good luck to you zunk; just another way to play these REITS for me.