Another shrinking dividend security. This held up very well through the housing turmoil. I've owned NLY for quite awhile getting in around 15 - 17. Again, using the DRIP plan, I can't complain. The last couple divvys were .50+ but they change every quarter, which is AOD's plan now with the monthly divvys instead of announcing them 3 months ahead. (I only use my dollar cost averaging on one stock at a time)
Unfortunately, I did get burned with a couple of REIT's during the downfall, but I'm still holding them. (yes, I'm stubborn) One of them RHY, which is now HMH acted the same way AOD has. My divvy's went from $300 a month to $30 a month. But I still kept using the DRIP, and just got a $2800 check from an SEC settlement, so I'm back in the green on that after many years. Two of the other REIT's I owned quit paying dividends, one finally started paying them again, but no DRIP. The other one changed it designation so it's not a REIT any more, and it tanked, but has been holding steady, so I buy shares of that with the divvys from the other one! You're right though, the good REIT's are making a come back.
Can't wait 'till Tuesday to see what AOD does.