So after they raise the div to $1.20 tomorrow annually, you'll just wait for it to drop to $24 to cover? Have you looked at this company's chart? This company has paid a div for 119 YEARS. Not much beta here. My guess is if you wait for 5% yield to cover, you and your grandchildren will not live to see it. Good luck though... JMHO
what an idiot....there's born every minute I suppose..At 4%, this would be take out another mortgage good. You realize their margins expand when commodity prices fall correct....Granted they hedge but what corporation was building in 90 dollar oil in their forecast, nobody that was being realistic in the first quarter.....Not that you're 100 shares short means anything or you have any real kind of selling power but in the off chance someone reads this who does, please, please bring this back to 35 and I will be thrilled to add to my position there.