Thursday, December 17, 2009

A Dividend Play: NLY

Having kept an eye on NLY for about four years, I think this may be a good time to seriously consider owning this security.

Annaly Capital Management, Inc.(NLY), is a real estate investment trust, which owns, manages, and finances a portfolio of investment securities.

Positives are:

•Nice chart pattern.
•Consistent uptrend and rebound from the lows of early March '09.
•Excellent average daily volume of over 8.2 million shares.
•Exceptional dividend yield of 15.2%.
•Forward P/E ratio is at about 7.


Trading this morning at 18.52, I look for a continuation of the uptrend.
.

No comments:

Post a Comment