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Ship Finance International Limited Message Board

  • balegoba1966 balegoba1966 Dec 6, 2011 10:39 AM Flag

    money management/SFL

    This morning I bought back the Dec puts I shorted last week and sold Jan covered calls on my common position, making enough to cover a $.14 quarterly dividend cut for the next 12 months. For income investors, it's about cash received from the investment, not the share value at any one point in time. Fluctuations in share price give a chance to adjust to changing times. As long as the dividend stays at $.25 or higher for the next year, I'm fine with today's news.

 
SFL
14.94+0.20(+1.36%)Jul 1 4:02 PMEDT