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vincen71

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vincen71

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Thursday, 11/07/2013 4:28:28 PM

Thursday, November 07, 2013 4:28:28 PM

Post# of 796299
Fannie Mae earns $8.7B in Q3
08:23 AM ET · FNMA

Fannie Mae (FNMA): Q3 net income of $8.7B up from $1.8B in year-ago quarter. Positive net worth of $11.6B and will pay $8.6B dividend to Treasury.
The "dividend sweep" will have Fannie paying $82.4B to Treasury this year, and bring the total dividends paid to $113.9B vs. $116.1B in draws from 2008-11. Treasury - of course - retains its $117.1B in preferred stock.
Press release.
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