Does anybody know if the Special Dividend is a one time thing or is it an annual event for IGR. I wasn't in IGR a year ago and can't find news items from Dec. 2006 to varify if they gave a SD last year. Thanks Jim
I wonder. Because of the great dividend it looks great on the surface, but anyone holding the stock for awhile took a hugh hit on PPS. I suppose if you didn't need the money out of the stock, it would be alright. However, I get nervous when my stocks drop 40%.
One thing I've questioned is why management has not increased the monthly distribution in over 2 years - especially since the proportionally large year-end specials seem to be growing annually. I'd rather see the monthly distribution bumped from .115 to .15 or higher to flatten the distribution. Published yields often exclude year-end specials, so the flattened approach, even with no increase in overall distributions, would be seen as a higher yield and likely provide better PPS support.