///On August 26, 2010 the Board has declared a dividend of $0.05 per share. The record date for the dividend is September 13, 2010, ex dividend date is September 9, 2010 and the dividend will be paid on or about September 27, 2010.///
I'm assuming the best we can hope for is for it to credit our accounts with in the next couple of days.
Just found out on friday that I can purchase Go through Sharebuilder on a real time trade with only the 9.95 fee(so far anyway). There was no mention of any other fees which shocked me. It also looks like the divys can be reinvested with no problem. Sharebuilder doesnt deal with many pinks so I was surprised.
Kevin was right. I received GO div $.05283 from my ST acc and I can confirm that currently ST only charge $7 for a GO trade w/o any other fees. (NOT advertising for ST. In fact I am considering moving to Wells Fargo from ST because I got a PMA acc at WF that I got 100 free trades ($0 commission) every year except GO is considered a foreign stock and they (WF) still charge big fee on trading GO. That's why I am hesitating to move.)
that's a 15.5% yield at the
price of $1.35 where stock was when divi declared.
A few more thoughts:
1) Only buy this stock on Oslo Exchange. The thinly traded .pk listing only follows Oslo and offers no liquidity. IN fact GO mgt
has asked that the .pk listing be discontinued.
2)Unless you think GO is going to make less than $100M over next 12 months
then divi only goes UP from here. Go should make closer to $250M in 2011.
$100m would be collapse of rates, huge increase ships
and total meltdown of China. I suppose if your believe that you should not be holding any stock investments.