did you notice that 2012 dividend ($1.00 per share) was 31% "return OF capital" (your own money), which will lower your cost basis and incrrease your capital gain when you sell.....
2013 remains to be seen.....
That juicy .30 dividend means you're ahead right now if you bought at $5.45 or lower.
Question is where it goes from here. I suspect it could go to 6.00 - 6.50 before the next dividend date, but that's a shot in the dark, and personally I'm not willing to step up to the plate myself. A year or so ago (when I was long here), you could look at the recharter dates and hold out some hope that the charter rates would rise between now and then.
Today, with the three recharters coming in May, I imagine it's becoming more obvious to more investors that there will be a dividend cut not too far off. So I think there are not as many folks willing to take the risk of getting in here.
Plus, there is the danger another secondary happening while you hold the shares.
That's just the way I see things. Good luck to all
I have a lot more faith that CVRR is going to produce. I might unload these shares and plop it down over there. I believe that after they announce the distribution, the stock price is going to explode.
if you like a fat divi...check out CRVV. according to the investor section on the website, they will be paying a quarterly dist of about $1.38 (19%) for the quarter end 03/31. I bought it a few days ago on a dip.