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Newcastle Investment Corp. Message Board

  • mysonchino mysonchino Jun 3, 2013 9:35 PM Flag

    Dividend declared not as good as the presentations predicted

    I was correct a month ago when I said SIDEWAYS. Now the div has been declared and it comes up short. This is no surprise as NCT only had a 1 penny coverage for the last dividend ASSUMING all investible cash were invested. Guys, the party is over. Check out NTI. Everyone is expecting a large dividend cut for the next one because the plant was shut down for 5 weeks. There will be a cut but much smaller than believed and the price will be much higher in 60 days. By the way the div yield is double NCT plus NRZ. GLTA.

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NCT
4.42-0.01(-0.23%)May 27 4:02 PMEDT