Fannie Mae-No Politics (FNMA)

[chessmaster315]

The $70 dividend assumes:
1. All the profits are returned to fannie shareholders. This is normally not the case.
2. The government takes no more money. They are doing their best to take as much as they can. Of course, this also assumes exit from cship and resumption of dividends.

This is simply 70 dollars earnings per share:

84 billion profit minus 1.35 billion for preferred dividends = 82.65 billion divided by 1.15 billion shares is about $70 per share EARNINGS in the past 12 months.

As some will be quick to point out, much of that 84 billion wont be repeated next year because it includes 1 time settlements from banks. However, there are still more pending settlements!