I have owned small position since May 2011. I liked the monthly dividend. But I think over time FULL only goes lower. Why?
FULL missed earnings. Condition is deteriorating. Cannot maintain current dividends. So dividend cut is inevitable. When that happens, price will fall further. There may be a scamble to get out the door with low float. I do not want to get caught in the stampede. I found better stocks for my portfolio. For me, time to move on, so I sold for a small loss.
Barry- I took a small position sometime ago also, because of the divy which I assumed was "safe" due to the 37% insider ownership. It looks like it's safe thru June at least. If it turns 'green' in the meantime, I'll be gone also.
If you are asking about BDCs, I do not have any BDCs as a target right now. I am seeking yield elsewhere. LNCO for example with a long term sustainable 7+% in energy. I get a higher yield than FULL (based on my investment cost) in TICC, ARCC, ARR, MITT, KCAP, BKCC (in that order). Except for MITT which is new, I have owned the rest for years.