In case you missed it, the new dividend is .029 cents/share per month, down from .039 cents/share. This is a 25% reduction from the previous month. PIM will not hit an annualized 7% payout until it is south of $5.00/share.
Are you selling?
Am still holding and useing the DRIP. The dividend is down, but look around the markets. Alot of stocks have taken a beating. If you leave pim, where would you go? joe
sold over 32,000 shares bought same $ amt of pim 6.33...better yield