Better rethink your strategy, PPS will get to $8.00 end of this year or early next year. Read and study your stocks and you;ll see why. Dividend good for 3-5 more years. Anywhere from .08 to .12 a month. Good luck investing.
Have to agree. If this stock starts to rise ARR will issue a few million more shares out of thin air and that will dilute the divy payout money even more, causing them to drop the divy again. Hate to see that because my divy is half my retirement income.
First, it is extremely unlikely to see that PPS, low 8's is a more conservative bet. There will probably be a few more SPO's along the way during this time which will keep the price down. The 4Q dividend has also been reduced so unless there is a substantial increase in earnings derived from the last SPO disclosed in the next financial statement, I would expect the dividend to stay at 9c through 1Q 2013 and possibly lower going forward unless the spreads widen considerably.
depending on where you bought in it's a wash . what you might loose on and dividend percentage decrease due to PPS increase . would be more than offset by the increase in the total your value of your position . In fact what you then due in put a trailing stop on part or all of your position so that when it pulls back as it will you reap the profit and look to buy in at a lower level . Heads you win Tails you win .