Tomorrow is the 18th gents.
While I know that a portion of NMM's dividend is a R.O.C., declaring its .4425(email@example.com) dividend may induce a spike in pps.
NMM has raised its dividend 10x in the past 5yrs, so I do not see a reduction any time soon, and definately this quarter.
If anything, because of NMM's pattern of dividend increases in the past 5yrs., one may be able to expect a rise in NMM's divvy either this quarter, or sometime during the rest of the year.
I'm looking for a short-term trade with NMM so the R.O.C. will not complicate my taxes any.
I might buy on a dip today, and if none, at close.
Any analysts out there caring to weigh in on my prediction of a rise in pps into the ex-date worthy of a NMM buy at these prices?
Imo, a normal dividend(.4425) will inspire a runup, and an div. increase would further bolster that run leading toward the ex-date.
Thanks again to the helpful and intelligent members of the best mb on yahoo,