I have been watching this for a few months as it kept moving up. I finally got in today at $11.75. Can't see this going below $10. Is the reason for the sell-off due to the fact that they pay out dividends 3 times a year, and we will have to wait another year before the large 1 time dividend payment again?
The reason for the drop has not become public yet. This stock is not going lower due to the dividends, the true reason has not become public yet.
The company investor relations is not responding to emails, and will not answer questions regarding which utilities it has been investing in or that percentage of stock versus treasuries/bonds it is invested.
Lets hope that the drop is not due to litigation regarding the storage banks business.