CMO earnings in first qtr were $0.58 versus dividend of $0.56, in line with REIT requirement to payout at least 90% of earnings. Financings spreads, the key indicator for GSE mortgage REITs, increased to 216 basis points in the first quarter versus 117 bp in the fourth qtr of last year.
On May 20 07:48 AM doubleguns wrote:
> CMO with a $1.98 earnings cant support the dividend. Don't count > on that dividend to hold up. > > If they are in commercial mortgages don't count on the stock price > to hold up over the coming expected correction in this market either.
9 New High Candidates [View article]
On May 20 07:48 AM doubleguns wrote:
> CMO with a $1.98 earnings cant support the dividend. Don't count
> on that dividend to hold up.
>
> If they are in commercial mortgages don't count on the stock price
> to hold up over the coming expected correction in this market either.