So back in the day I bought this stock called MFA financial for 7 something per share. It is a mortgage reit that pays a super high dividend of around 10%. I held it for two years and did actually get the 10% div per year and even ended up selling it for 30 cents per share profit. I originally decided to sell it because many people would always say how horrible the stock was and how it was going to eventually implode. So I figured not to gamble with it any further and sold out while I was ahead.
I look at it today and it looks like it is still going strong. Paying 10% and share price still $7.50.
How are they doing it? Based on the financials it almost looks like they're selling shares to pay for the div. Can anyone make sense of it? Thanks.
Submitted April 04, 2018 at 01:02PM by JasonMckennan5425234 https://ift.tt/2q4tNLH
