Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Sadly, I was right about this one. Wash, rinse, and repeat. NYMT walked the dividend down after the dreaded reverse split and now both the divi and the PPS are about where they were BEFORE the reverse split.
And to make matters worse, their Investor Relations will not return emails. Another RED FLAG.
Stocks aren't green every day of the year? Good to know.
Groundhog Day in Fannie Land
Yup. 1,589,337
Groundhog Decade
And once again, NYMT reduces the dividend.
WASH RINSE REPEAT
I'm rich, -----
- Rick James
Released from conservatorship. There's some relevance.
Clark buying up the cheapies
Most of these aren't investments. They are becoming like the Pinks. Wash-Rinse-Repeat. $MFA and $NYMT did splits, now they are slowly walking the dividend down to where it was pre-split.
Another year older watching FNMA
We've been here so long, I think you need an updated photo. We're all gray hairs now.
The geese that lay golden eggs...for the government.
Groundhog Day
This reminds me of the QSGI scam some years back
Well here we go with the wash-rinse-repeat. NYMT lowers the dividend to .30
If they live long enough to get to the end of this FNMA saga.
The more they get away with, the worse it will get. Not sure when it will ever change but many FNMA shareholders will never get to see resolve.
Need a year please ;)~
The dividend will increase to .40 per share after the 1:4 reverse split. (.10 x 4 = .40)
But don't be surprised if NYMT lowers the dividend after a few quarters. Especially if our economy doesn't get back on track. MFA did that exact thing recently.
If they walk the dividend down to where it was pre-split, it's a win for the company but a huge loss for the shareholders. A wash-rinse-repeat sort of thing.
Preferreds...yikes.
Correct
Groundhog Day
12/14/2022 MFA announced a $0.35 dividend for common stock.
Payable January 31, 2023 to Shareholders of Record on December 30, 2022
.00000000000000000000000000000001 Thin
I didn't watch it, but I'm guessing not much.
Everybody wants out of PIHN. If it would ever move. 14+ years and counting.
All of these stocks are a gamble. To state pfds are "good eventually" is misleading and just a guess.
09/16/2022 NYMT announced a $0.10 dividend for common stock.
The dividend will be payable on October 26, 2022 to common stockholders of record as of the close of business on September 26, 2022.
https://www.marketscreener.com/quote/stock/NEW-YORK-MORTGAGE-TRUST-3081571/news/New-York-Mortgage-Trust-Declares-Third-Quarter-2022-Common-Stock-Dividend-Payable-on-October-26-20-41796814/
09/13/2022 MFA announced a $0.44 dividend for common stock.
Payable October 31st to Shareholders of Record on September 30th
https://www.marketscreener.com/quote/stock/MFA-FINANCIAL-INC-13500/news/MFA-Financial-Maintains-Quarterly-Dividend-at-0-44-Per-Share-Payable-Oct-31-to-Shareholders-of-Re-41764992/
Enlighten us please. What is "fun" about PIHN?
Same. It seems like when someone does cover the story, it fizzles out and is never revisited. They will drag this out for another decade without public and media pressure.
NYMT Given Consensus Recommendation of "Hold" by Brokerages
https://www.marketbeat.com/instant-alerts/nasdaq-nymt-consensus-analyst-rating-2022-08-2/
RBC Capital maintains Sector Perform for MFA Financial
https://www.benzinga.com/analyst-ratings/22/08/28498341/rbc-capital-maintains-sector-perform-rating-for-mfa-finl-heres-what-you-need-to-know
Farner buying more shares
https://www.nasdaq.com/articles/wednesday-8-10-insider-buying-report%3A-bsm-rkt
And there it is...
Might as well just wait for .25
RKT CEO Jay Farner purchased 27,900 shares on Thursday, June 23rd. The shares were acquired at an average cost of $7.15 per share, with a total value of $199,485.00. Following the transaction, the chief executive officer now directly owns 2,826,307 shares in the company, valued at $20,208,095.05.
https://www.defenseworld.net/2022/06/26/insider-buying-rocket-companies-inc-nyserkt-ceo-buys-27900-shares-of-stock.html
06/17/2022 NYMT announced a $0.10 dividend for common stock.
The dividend will be payable on July 25, 2022 to common stockholders of record as of the close of business on June 27, 2022.
https://finance.yahoo.com/news/york-mortgage-trust-declares-second-200500068.html
Better wait. I don't think they are done doing damage to our economy.