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CBRE Clarion Global Real Estate Message Board

  • peabeetwo peabeetwo Nov 17, 2008 1:21 PM Flag

    Dividend Cut

    I never expected such a large dividend cut. Of course, they had to refund the low paying ARPS at full face value, and cash in stocks and preferreds, at a reduced price no doubt to accomplish this. I may need to reduce my living standards.

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    • t was expected and I was persuaded to stay away from real estate.
      I've been watching IGR for their fantastic dividend of 24% but the market sentiment was right:
      "IGR declared a monthly distribution of $0.045 per share for the month of November 2008. The previous monthly distribution amount was $0.115 per share.
      IGR’s current distribution rate represents an annualized yield of 11.0% based on the closing market price of $4.90 on November 13, 2008 and a 9.9% yield on a closing NAV of $5.48 as of the same date.",43,1

7.990.00(0.00%)Oct 21 4:02 PMEDT