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Strategies & Market Trends : REITS - Buying 1 - 2 weeks before going ex-dividend

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To: bob wallace who wrote (2395)3/21/2003 12:48:24 PM
From: bob wallace  Read Replies (1) of 2561
 
I don't know if any of you have been noticing, but property REITs have been announcing dividend increases and then doing moonshot follow-ups.

even mortgage REITs seem to be immune. Last night NLY announced a dividend of 60 cents, 8 cents lower than last quarter. that lowered the yield to 13%+ which is low for a mortgage REIT. on top of that they announced that continued high refinancings would likely hurt future results. nevertheless, today NLY is up 37 cents to $18.22
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