This stock, at $3.55-3.60 was a no brainer. Add to that the directors were buying alot recently...(They only buy for ONE reason, they think te stock is cheap)
Add to that the healthy dividend the slowly recovering busines market they are in, while reducing leverage, you have what I think is a no brainer....
Disclosure, long 50,000 shares in between the above stated pric......
They announced, on Feb 8, 2010, that they were reinstating the dividend and that it would be $1.50 per year. When I posted, BBEP was at 15. If you looked at BBEP on yahoo, you would notice the announcement in their news, on the main page.
Don't trust the metrics that make it into tables and charts on websites. Such data is always based on the past, not the future.
BreitBurn also announced its intention to reinstate quarterly cash distributions at the rate of $0.375 per quarter, or $1.50 on an annualized basis, beginning with the first quarter 2010 distribution. The Partnership intends to pay this distribution on or before May 15, 2010.
I think both CIM and NLY will allow dividends to be re-invested upon application of notice to the public relations' offices. I am beginning to think that management of CIM is also brilliant for "us" to see under reporting and over achieving. Perhaps that explains the high option volume for April and May at CIM's strike price set for $5.00.