I own 6000 shares of ZTR. And, like clockwork it pays out a nice monthly distribution--which is why I'm in it.
But, am I the only one here who notices ZTR does not cover its distribution with portfolio earnings? (I did see a very early post noting the same.) Thus the 10% distribution, through return of capital, appears to be a slow, but sure, self-liquidation, by ZTR. I guess that's all right if it can drag it out for a lot of years.
what does taht mean/ price adjusted for dividend?? that it goes down based on the divd payout?? this stock/fund has 33% of its money involved in PAYING off debt which it incurs to pay out the dividend.. POS
1990 - .08 share price - 10.00
1994 - .07
1999 - .06
2001 - .055
2006 - .04
now - .039 share price - 4.20
at this rate stock will be - 1.75
and pay .015 in 18 years
Martin Zweig should be assamed that his name is still on this LOSER.
I acquired 20k shares 9/07 at 4.87. Through April, I have received approx $5,760 in dividends. As of today (4/23 - $4.64), I have an unrealized loss (excluding div) of $4,600. In the next 12 months, I anticipate additional div of $9,600, for a total of $15,360. The stock has taken a $0.23 dive during a market that appeared on the brink of chaos and collapse.
I have $1.4m spread out over roughly 50 div-paying closed-end funds, and receive dividends of a little over $12k per month. Over time, there are dramatic fluctuations in share price. I generally don't trade unless the shares began trading at an elevated premium. Over the last 2 years, I am approaching almost $300k in dividends. My portfolio value, without reinvestment, is showing a net unrealized loss for the past 24 mns of about $22k. It was much better toward the end of last summer, and much worse just the last few months. It is slowly coming back. By the end of this year, I expect a modest positive appreciation in value. And my div total will be over $400k for the 3 year period.
My point: if you are going to invest for the dividend, do so for the long term. ZTR has a long history, and I am more than confident that in 10 years, they will be plugging along, paying out a steady 10%. If you are not happy here, go throw you money way in GOOG, where you can drop from $700 to $400 in a flash.
I'm very impressed with your numbers and your portfolio management. I fully agree with you. I have $117K available in a traditional IRA (I have gold juniors in the balance), and another $500K coming available in June from the sale of an investment home. I'd be curious to know what companies you invest in, and how to realize the sort of monthly income you are deriving.
Thanks in advance,
The chart I posted is adjusted for dividends. Dividends don't mean anything if they're not supported by earnings.
You are AT BEST basically paying them a fee to at best return your own capital to you.
They have proven they have no longer have an edge and have severely underperformed the market for years.
Anyone who is currently in and who wouldn't use the first moderate uptick to get out is just not that bright.
I also own in the neighborhood of around 6000 shares, but am becoming quite hesitant to continue to reinvest my divvy's in this stock....look at the history of declining dividend payments....I just wonder how secure this payout is going to be in the coming months.
I am into this stock to help secure my retirement...any thoughts as to the strength of the dividend's future with this company?