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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.
-------------------- I get lucky just like the rest of you. Posts: 143 | From: Columbus, OH | Registered: Oct 2005
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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.
-------------------- I get lucky just like the rest of you. Posts: 143 | From: Columbus, OH | Registered: Oct 2005
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