as well as those who don't understand, the only way to increase dividends is to set up a SPO, because only MORE cash offsets the requirement to dispense dividends at the 90% level, an IRS requirement.
Three dipmakers are occurring simultaneously.
"Dividend plunge" of 65 cents. "Mistake plunge" where the dividend above looks like a stock decline to the uninitiated making them sell mistakenly. "Risk on" dip where the market looks better to some than an 18% rate of return, if you can believe it. ..and finally, the bonus drop if the Greek financial issues escalate, since all financial issues look alike to some.
Some will think the April buying "spree" and pop in housing in April recently reported puts a damper on REIT junk risk going forward, since that primes the irate pop crowd into talking upping the availability of paper money into going away in the face of rising irates.
Well, there may have been a pop in real estate in April, but if you track zillow, you'll see in May it all went away.
That's going to be a killer of the market just before the summer ends, and is good for another dip from general market malaise.
We can't get a double dip recession if we've never left the first.
$17.87 is not a bargain, but it is a fine entry point.
The market is betting on Greek's Parliament wanting the bailout, the holdouts are betting that they want to get elected next time, and everybody who is sane ought to know, hawk, dove or somewhere in between, if you've no money at all, all those 100% benefits will tumble into the toilet.