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Read the article below. This may be a REIT looking into. It is yeilding 16.85% dividend and it is only investing in government backed mortgage baced securities. What are your thoughts?
I've owned NLY in the past for the dividend yield and made good money this year. I guess it's natural for the stock to drop post ex-dividend date but I think the article makes a good point about the Fed and the impact of possibility of tightening monetary policy in 2010.
Overall I'm selling into the end of the year and pulling my money of the table. I'm waiting to see what the market wants to do in the beginning half.
I've owned NLY in the past for the dividend yield and made good money this year. I guess it's natural for the stock to drop post ex-dividend date but I think the article makes a good point about the Fed and the impact of possibility of tightening monetary policy in 2010.
ReplyDeleteOverall I'm selling into the end of the year and pulling my money of the table. I'm waiting to see what the market wants to do in the beginning half.