New American Capital - the Dividend Investors Dream Stock
There is an excellent discussion about hedging your bets with ACAS in this article from Seeking Alpha.
There is yet another one today that included an analysis of their dividends. The bottom line is this:
"ACAS is every dividend investors dream stock with its above average dividend yield and dividend growth rate."
I hope they are both correct in their analysis as a portion of my retirement portfolio is counting on it!
And now there is a new opportunity with today's IPO:
American Capital Agency Corp (AGNC)
The Company plans to use all of the net proceeds of the initial public offering to invest in single-family residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by a U.S. Government agency or a U.S. Government-sponsored entity, or agency securities. (sweet)
Does this sound like a smart move? Guess we'll find out...