OZM is above water for the first time in years, and is expected to double their dividend this coming Feb. 7. They made money, and the shareholders get paid, a nice little 10% chunk....disclosure...I am long as of yesterday.
My hope is that they do a one time big dividend to clean up excess profits from last year and double it for this year - which I think is possible. Two years ago the Feb dividend was around $.71.
Does OZM have Class A and Common shares. It appears the dividend is for Class A shares only.
which leaves the common holders with a bag. Any ideas ??