03-22-2013, 08:58 PM
Ok, ok. I know that many REITs are not traditionally considered dividend growth stocks. That is true of Annaly Capital Management (NLY), which actually has cut its dividend in recent quarters. Nonetheless, many DG investors (including me), include some REITs in their portfolios to juice returns a bit (among other reasons). I've owned shares of NLY since March of 2012.
I wanted to post about NLY for two reasons. First, new member aagha mentioned in another thread that it is a stock he follows. And since we've got so few members at this early stage, I want to do everything I can to keep them interested! Second, the stock has really been on a tear the past few days. (Though sadly not yet back to my average price per share.
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Any thoughts as to what's going on? They recently announced the next dividend payout, and perhaps folks were heartened to learn that they are maintaining (not cutting) the amount. Coupled with a projected stable interest rate environment for the foreseeable future, maybe that's getting people comfortable. Of course, a better than 11 percent dividend yield doesn't hurt!
I wanted to post about NLY for two reasons. First, new member aagha mentioned in another thread that it is a stock he follows. And since we've got so few members at this early stage, I want to do everything I can to keep them interested! Second, the stock has really been on a tear the past few days. (Though sadly not yet back to my average price per share.
) Any thoughts as to what's going on? They recently announced the next dividend payout, and perhaps folks were heartened to learn that they are maintaining (not cutting) the amount. Coupled with a projected stable interest rate environment for the foreseeable future, maybe that's getting people comfortable. Of course, a better than 11 percent dividend yield doesn't hurt!