total return is more important than current yield. according to the article in today's WSJ that 8.9% is higher than the return since inception. that fact alone tells you what the market thinks of this company. would you care to speculate what management's return has been compared to the shareholders? going to be interesting today to see the size of the hit to this one.
After spinning off SNH the div was 80 cents...a few years later they bumped it to 84 cents while issuing 1/2 billion dollars worth of common at $13 a share (13X4=$52 a share). Then the financial crisis came along just in time so they were able to cut the dividend...without to much shame...down to 48 cents...then with the reverse split they bumped it back up to 50 cents...4X.50 = $2.00. Don’t get me wrong the boyz will cut again...just don’t see it anytime soon...at current price I hope to get a 15% return before year end...God Bless dem Boyz