I think it is time to buy IGR. The NAV is down over 50% from its high. Even if the dividend is cut some, there can't be much downside left. In 3 or 4 years, I think you will be a very happy camper with your locked in yield and appreciation from 11.00.
don't be surprised if they slash their dividend. there is nothing going on to keep the big top heavy funds chugging along like they were pre-debt crisis. the folks who will make money are the opportunistic funds and ING is a behemoth, not so good at getting at the hard deals. also, international is going to take it on the chin in europe where these guys are way over extended. as for the US, the easy money is gone and expect write downs from the big boys as office, retail and multi family all get repriced (as they should be) over the next couple of years.
I agree, if you check on their holdings they are well diversified internationally and I have looked at several of their major holdings and they appear on firm ground re their dividents. I would buy more but am retired and dont have the xtr cash.... already own >1000 shares... $ averaged down...
The problem with this is, you are looking where it's been. I like to look where it's going. And it's been going down. The newsletter I subsribe to has been saying to buy without placing a stop loss. Thank God I didn't listen.