Motley and ALPHA never stop with their beating up on REITs....seems like every week they write some more doomsday scenarios about the divvys being crushed by the rising interest rate monster or the repayment dragon or #$%$ from QE3....geeesh! Gimme a break!
possibly that management sees reduced earnings ahead to support the dividend. Probably because it takes time for that huge SPO to go to work for them.
from the two biggest morons, S/A and M/F.....they should shut up already...but they'll keep running their "someday the divvy will drop" articles
AGNC and MTGE both pay their divvies 4/26...holding steady....hurray!!
You have to remember that an SPO can easily take out lots of stops for the unaware, causing a bit of oversell. This will recover by the next X date. After a few days the earnings will make a statement and a possible divvy increase.
within a small margin of error, until announced, you can generally assume 3 months from the last X-D
easy way to check that is to click on "historical prices", and then select "dividends only" --and "get prices" Those are the X-dates, not pay dates.
you have several more weeks to go for that news
I would say a drop is extremely unlikely, stay the same more likely, increase possible
anybody in this last year saw the repeated gyrations of a divvy and SPO practically every month. although the share price has sufferred from several scare tactics, overall I would say the SPOs have benefitted the company.
There is tight competition for mortgages to service, so whatever they can grab is worth it I think.
In the meantime we'll see the wimps and other unlearned folks yelling "dilution".
You can usually find it in the original press release announcing the offering:
BETHESDA, Md., Feb. 12, 2013 /PRNewswire/ -- American Capital Mortgage Investment Corp. (MTGE) ("MTGE" or the "Company") announced today that it priced a public offering of 20,000,000 shares of common stock for total expected gross proceeds of approximately $513 million before expenses.
In connection with the offering, the Company has granted the underwriters an option for 30 days to purchase up to an additional 3,000,000 shares of common stock. The offering is subject to customary closing conditions and is expected to close on February 15, 2013.
not sure if this was posted yet:
National Securities Reiterates Buy Rating on ARMOUR Residential REIT After Reported 4Q12 Taxable EPS
2:38p ET February 25, 2013 (Benzinga)
In a report published Monday, National Securities reiterated its Buy rating on ARMOUR Residential REIT (NYSE: ARR).
National Securities noted, “ARR reported Q4'12 Taxable EPS of $0.29 vs. our $0.29 estimate due to $0.07 in realized gains on security sale. Net interest margin fell to 1.55% from 1.82% in Q2'12 due to higher prepayments Leverage ratio declined. Book value per share fell to $7.29 from $7.77 in Q3'12. We expect that ARR may generate $1.00 in taxable EPS in 2013 and pay out a $0.96 dividend per share in 2013 (14% dividend yield at current price).”
ARMOUR Residential REIT closed on Friday at $6.65.