Talked to PR at DT yesterday. The stock goes X Dividend for US Investors on the 29th April. Only a few days away! Buy the stock now and get the yearly dividend of a buck second week of May. Nice yield for only holding a few days.
When it is delisted initially its price will drop since many mutual funds which hold only NYSE listed shares will be forced to sell it. When that happens this will created a buying opportunity.
The downside of all of this is that once delisted most stock tracking info services will cease following and reporting on DT. Value Line will probably drop it from their service.
Another problem with DT is that it only pays a dividend once a year. With so many other stocks paying quarterly dividends this does not seem to be worthwhile having to hold DT an entire year for a payout. A lot can happen during the year which would cause one to sell and then lose one whole year of dividends. This along with the Greece financial problem makes a good case for selling.
While DT seems to be a great company all these small items when put together for me become a big reason for selling DT and buying a stock with a higher payout. Check out CPNO which Cramer recommended tonight. It is a pipeline in Texasand has a sheltered 9%+ dividend.
Exactly; then you'll have to wait at least a couple months for the stock to get back up to where it was before X date. Go look at last year's chart. I'm not saying to pass on the div, just know the stock will drop and take several months to get back up to where it was.