With a 16% discount, this one is safe to turn on the Etrade DRIP for, unlike AOD/AGD. I know that prevously, AWP was buying back shares, but with the lower yield, the punishment on stock price is not going to subside any time soon. Having gotten in in the $3's, I'm not complaining, but you got to be wondering if bigger divi increases are comming sooner rather than later, or someone may just buy the fund and dump it, or convert it to a OEF.
And I wouldn't worry about the div rate, a bigger increase is coming sooner rather than later from what I've been reading lately. But they're so conservative they may end up paying out a huge Dec div instead.
Doesn't matter much to me, I plan on holding (and DRIP'ing) my shares for a long time, unless some unforeseen disaster occurs.
I forgot to add that I am ROYALLY PO'd at both myself and AOD's management.....because they postponed the future div rate announcement from the publicized 2/18 date to today instead (as of Wed they said it would be on Monday).
As a result, I sold all my AOD prematurely, missing out on both today's increase in pps of nearly 5% PLUS selling prior to the ex-div date (yesterday), costing me even more money, to the tune of a total 8%! Muther effers....good bye and good riddance, Jill.