They had a around $3 million in taxable income last quarter. That's right, $3 million. So take 90% of that and divide by the number of shares. So I doubt they would be paying .05/share this month if they hadn't committed themselves for the whole quarter. So now they have to make up the money they outlayed from return of capital and put that into the equation when they figure what they are going to pay out in dividends for the next quarter. My guess is no more than .03/share. So let's see if the current share price holds up when the dividend is announce.
Even if it were open market buys it's petty at best. The CEO of AGNC has purchased over $1.1 million worth of his stock out of pocked since August 1.
The SP is going down due to several factors, IMO. Year-end profitaking and market weakness evident with BDC's and Financials in general. Not because they halted the buybacks. From what it appears the company buys throughout the quarter and provides the average cost at or near the end of the quarter when they get their purchase allotment.
The company reported .11 per share as the actual income to which the dividend would have been based for the quarter ended September 30th. Base on that actual I would figure the next quarter dividend announcement would be from .035 - .04 monthly. So it should be no surprise that the SP is declining.
You just don't get it. BV only benefits the criminal Management that has been raking 10's of millions in FEES while shareholders are getting it up the #$%$. You need to wake up pal.
The slimeballs raked in $6.5 million during the September 30th Quarter Ended while the company lost $315 million. They could care less about their shareholders. They make their money based on NAV. And Zimmer @ Company are laughing all the way to the bank. And their probably conspiring another SPO to add to their coffers.
You need to accept the fact that ARR is the worst managed reit. Read the current SA article and get a dose of reality. And give a little credit to those who understand that losing more than 30 times the .05 dividend in a years time is the reality of the situation. And that .05 dividend will more than likely be .03 next time around.
Hey raybans2, you will admit that the Fed said any tapering will be a gradual drawdown of many months so as not to cause a dramatic swing in interest rates as well as tank the Markets which would tank the Economy.
You people keep focusing on the Yield. The Yield is this or that. ARR had a Yield of 17% a year ago when the share price was $6.80. So what did that Yield do for them now that their share are worth 44% less today?
Over the past 3 quarters NOI before Taxes averaged $60 million. There was around $425 million in NOLC's at the end of this past quarter. I would think based on the figures I just quoted it would be between 1 1/2 - 2 years before those NOLC's are offset. Then you have to reapply for RIC Status. On the other hand, the company's policy says they will otherwise pay a cash dividend if an when the share price equals or surpasses NAV.