Sat, Nov 22, 2014, 7:21 PM EST - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

Diana Containerships Inc. (DCIXV) Message Board

  • yellowear yellowear Oct 19, 2012 10:19 AM Flag

    Adjustable Dividend

    Anyone have a forecast on the what the quarterly dividend will be declared this quarter?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • If they dont cut the div. this quarter they will have to do it soon. They only have enough cash to pay for the div. for about 6 quarters. That's assuming they have no earnings and they aquire no ships. I used to own this stock but I sold out when the container rates started falling (rates down about 20% in 1 year). Why would a company waste cash on a div when they could use it to aquire more ships? Am I missing something here? The compay also holds more debt than cash these days. I had high hopes for this company 1 yr ago but I feel like the management is destroying the balance sheet. Can anyone explain?

      Sentiment: Sell

      • 1 Reply to reocane
      • At $0.30/shr per quarter, the yield is over 19 %. Even if the dividend was halved to $0.15/shr per quarter, you are getting almost a 10% yield. At $0.10/shr per quarter, you still getting a 6% yield. What's the downside? International trade isn't going away - regardless of what happens to Greece or Europe. Yes, the carriers in the Asia - Europe trade are reducing capacity to hold FEU rates up but that is a well-developed trade route not where the growth is expected to come - like South America or even Africa.

        Sentiment: Buy

    • According to the CC, they are comfortable about their ability to maintain a .30 Div. That's from memory. Probably want to check yourself. Look at the Q&A, Good luck.

1.98+0.08(+4.21%)Nov 21 4:00 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Hexcel Corp.
NYSEFri, Nov 21, 2014 4:02 PM EST
Exa Corporation
NasdaqGMFri, Nov 21, 2014 3:59 PM EST
Praxair Inc.
NYSEFri, Nov 21, 2014 4:05 PM EST