The quarterly report came out tonight; some good news and some bad. On December 31st Book value was raised $.80 from $26.90 to $27.71. In 2011 Book value went up $9.07 total. The value of the mortgage backed securities went up in value. AGNC has a net income of $.99 this recent quarter plus $.80 of undistributed income. The first dividend of 2012 will be ex dividend on March 5th payable to record holders on April 27th. The amount will be $1.25 down from $1.40. The repo rates were higher. I think the higher book value will absorb much or most of the disappointment of the lower dividend and I think management did very well managing it.
FNMA went up like 17% today; this was predicted by Vedic astrology and this is only the beginning; the real estate markets will rebound in 2012. Silver at this time of 7:00 pm is unchanged $ slightly up maybe $33.69 Kitco.
FNMA went up like 17% today; this was predicted by Vedic astrology and this is only the beginning; the real estate markets will rebound in 2012. Silver at this time of 7:00 pm is unchanged $ slightly up maybe $33.69 Kitco.
No comments:
Post a Comment