Big Dividends On Sale From Preferred Shares

The last few weeks have been strange beyond words. We've witnessed price movements that can only be described as absurd. Some of these movements may be driven by the relatively small size of the companies, making it easier for retail investors to have a larger impact on the price. Our outlook here is focused on maintaining a generally defensive posture, but still having some exposure for a few potential positive near-term developments. Today, we will be covering a couple of preferred shares...

Annaly Capital Management (NLY) and AGNC Investment Corp. (AGNC) have some of the best preferred shares in the mortgage REIT sector. One of our top choices for this week was AGNCM. We picked AGNCM rather than some of the other risk rating 1 preferred shares based on some recent price movements where we are seeing more weakness in those series of preferred shares. CIM-A (NYSE:CIM.PA) was a top choice this week after underperforming the other shares from Chimera Investment Corporation (NYSE:CIM).

Source: Seeking Alpha

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