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cuts dividend, but perhaps less than expected, from $1.25 to $1.05. Shares UP 2.6% in the pre-market.
After falling 31% off the highs, the market had likely priced in more than this 16% cut.
should be ok. Now just waiting for $
I like this healthy move....the Fed hints and the mReits correct... kind of like an appetizer for the real tapering
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American Capital Agency Corp.
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