(03-26-2021, 11:51 AM)ken-do-nim Wrote: NLY is on quite the tear. If you look at the 1 year chart, it started at $6.13 and has risen steadily until its current $8.91. The current yield is 10%, but as the price goes up, I wonder if they will increase the dividend. Stay tuned!
(In a ghost of portfolios past, I used to have $25K in this, and those quarterly dividends were awesome. Now I just have a tenth of that. Still, my favorite 'value trap'.)
I think we all have a favorite value trap. They are great for developing our critical denial skills.
I'm tired of mine so I'll give it a look lol. It's on my watchlist now. Looks like a possible candidate for a dividend scalping option trick if I knew about it a little but farther in advance of Ex-Div date. I'm going to give it a shot today but I doubt the trade will drop on my terms on options expiration day. It will probably work in the future so thanks. They'll be OK with modestly rising rates assisting them.
