So how much was accreted to NAV/BV with the 28.2 million share buyback?
And what exactly is the panic selling about today. They don't like the buyback ?
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.