Fannie Mae Preferred S (FNMAS)

[rosen62]

excess capital?

What do you mean? Dividends come out of profits. They are a portion of the earnings passed unto shareholders. It has nothing to do with capital or excess capital. Plus, how do you know what the board of directors may decide once/if c-ship ends and the companies are returned to shareholders? Who knows what threshold must be reached before they ok a distribution? Dividends are decided upon. And what is in the mix of that decision nobody knows.