- NRZ raised their dividend by 25% with the acquisition of Caliber. The price roared higher as investors caught on.
- Price-to-book ratios on TWO and CHMI are still higher than for NRZ and PMT. That’s funny because it shouldn’t be that way.
- Rates for refinancing are quite attractive, and investors should at least check to see if they could save money on the deal.
- Preferred shares prices still contain market failures in relative pricing. See the metrics for shares where a floating rate is coming in the next several years.
- AGNCM and NLY-G remain less attractive than peers. Investors are clearly still struggling with valuing the conversion to a floating rate.
For further details see:
Dividend Boosts Drive Yields Higher