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MFA Financial (MFA +1.3%) puts in a healthy gain despite cutting its dividend $0.01 to...

MFA Financial (MFA +1.3%) puts in a healthy gain despite cutting its dividend $0.01 to $0.23/share, an annualized yield of 11.7%. Perhaps the company is benefiting from comparison to the struggles of another hybrid mREIT (invests in non-agency as well as agency MBS), Chimera (CIM). (PR)
Comments (2)
  • Sacristan
    , contributor
    Comments (42) | Send Message
     
    Despite negative reports on Chimera my long portfolio Goldbug100 has not lost faith in this stock
    27 Jun 2012, 03:41 PM Reply Like
  • Brian Bobbitt
    , contributor
    Comments (1905) | Send Message
     
    I too, agree, BUT can you see that putting the balance of the proceeds from the sale of CIM into another similar stock, with fewer warts may be a little safer, and perhaps more profitable. USUALLY in a few sessions, CIM recovers after Ex date. Do you suspect it will this time. I think so, being that the dance their price does even after dividend cuts reacts to the upside after the normal fall on ex date.
    Time to buy CIM for a day trade perhaps and even for those of you who really got hosed, go look at the charts and see the price action post ex date.

     

    Just hummin' along, don't really mean anything by it.

     

    Capt. Brian
    The Lost Navigator.

     

    PS, THIS STOCK IS OVERSOLD!
    27 Jun 2012, 05:53 PM Reply Like
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