What does anyone think of this one..currently at 33.53...
52 week range 28.80 - 44.65
pays about over a 20% dividend yearly for past 2 years...put a little bit in this.
Posted by stocktrader22 on :
Wow...
paid a 11% dividend recently, and is back at $36....
Posted by T e x on :
so, you're saying even with the divvy...pps has come *back* up?
Posted by T e x on :
If so, I'd say it needs to be also on the big-boards forum...
Posted by BuckeyeMatt on :
I have held this for 5 years now... done very well. Bulk shippers typically pay high dividends. I also hold EGLE,TNP, and GMR. Like most dividend stocks, the pps adjusts accordingly on the Ex date, buyers tend to move in for a buying opportunity, and pps returns to previous levels. In addition, when the dividend is received many investers have a DRIP set up or an automatic dividend reinvestment program so the pps usually increases further. That has been my experience and I have been holding dividend stocks for over 10 years.
Posted by stocktrader22 on :
How do you go about setting up a DRIP?
Posted by BuckeyeMatt on :
You have to manually set it up for each stock with some brokers. My Etrade account is that way. I just have it set to reinvest dividends for free on all the stocks that currently receive dividends. In my Sharebuilder account it allows you to just set it and forget it... very easy. They both also allow you to liquidate partial shares for free, which is nice if you have a DRIP, because you will have partial shares.
Posted by stocktrader22 on :