The price action on ANH isn't very good. I'm looking at a down day when I thought after the div was declared we would get a run up of some kind. Right now the market seems to have already priced in the div at $6.95. Any thoughts on this?
That is a great deal tied to a single position. That is a high risk move on your part. With high risk, comes high reward, but sometimes high losses if something negative happens. I hope you have a stop-loss in place just in case.
With that said, let us hope the divy stays at this level for the rest of the year. a 15%+ yld is nice to have.
I like the companys "share repurchase" program. Shows me that there is an upside here. So the divvy becomes gravy on top of less shares O/S which is another bullish indicator of a stocks market price appreciation.