Q: I've been a long time (over 10 years) owner of NLY and have added to the position several times. I'm considering adding to it again. The dividend is very high but they seem able to handle it. I had thought they would benefit from rising interest rates in the states but they seemed unaffected as the rates rose. My adviser says that it likely doesn't appreciate in price due to the fact that many investors just don't understand their business. I would be happy if all I ever made on this was the current dividend.
Do you have any insight here?
Do you have any insight here?