Prediction was revised to a Dividend of $.75 based on MORL's dividend announcement, actually came in at $0. 7938 a decline of 28.13% from July. For the quarter is a 38.6% , annualize rate now 21.% see:
Lance predicted a $0.61 dividend in his 9/24 article. Although I like his articles very much, this creates a slight credibility gap, especially since a fairly accurate prediction would have taken about 30 minutes by adding up the component dividends and approximating the re-balance effect.
He predicted 0.64 or .68 based on the cuts to all the other companies. Yesterday he changed it to 0.75 based on his prediction for mort being wrong.
This was what I was hoping for. Now if the price drops as I was hoping I can get a 50% postion in MORL going. I hope there is a drop for me tomorrow.
Other 50% I am going to see if when constituent companies report book values there are some hits this quarter and those get me a chance to get in lower. I dont know if I will get this chance considering the fed taper being put off before this quarters end.