I am a shareholder of AWP. I am curious if anyone thinks that we could be in store for a dividend increase when Alpine announces the next 3 months of dividends in the next week or two? We have seen 2 years in a row with a large special dividend at the end of the year and that could translate into a dividend increase. I am trying to get a discussion going here concerning this topics...chime in and share your opinions! Robert Virginia Beach, Va.
Robert, I've been wondering the same thing. Although they've provided a special dividend the past two years, it's hard to tell whether this is really an indication of strong performance on Alpine's part. From what I read in the recent annual report, the special dividend was attributed to price appreciation of the passive foreign investment companies (PFIC) held by the fund, with no guarantee that the same appreciation will happen next year.
AWP's NAV has increased nicely over the past year, but the 3-year return is still negative. I wonder if Alpine is waiting for the NAV to go higher before increasing the dividend.
company specifically states they're main focus is appreciation, because cash income has not caught up with rebounding markets. Furthermore co says they are open to buy backs as cash permits. It's a good strategy. In 5 yrs nav could be $12 with cash div in the 70c range & goes up from there for the foreseeable future Worse things in life than this being a nest builder with little downside risk. Leave in IRA and reinvest divs. Solid 12%+ compound growth
with the nav currently at $8.29 we need a substantial divy increase!..its the only way to decrease the discount to nav which is way too high! ...should increase divy to .04 cents a month now and if market conditions warrent another increase later in the year.
If they are earning the div they pay us and the fund trades at a 14% discount why don,t they just buy up the shares on the open market. should be like making us the 14% and we would have less shares outsatnding and we would have to pay out less of the funds money to pay the div.