Would it make any sense for CMRE to start a dividend reinvestment program and then, say, six months down the road, wipe out the dividend? I'm guessing no -- that it's their way of saying the divvy will be solid for some time.
Thinking this should be a positive for investors who want to add more shares without paying a commission.
Over the last five years, the company has gone ex-dividend in July between the 19th and 25th. So an announcement should be soon.
It also would be a good time for management to ease investors' minds about the stability of the dividend.
I understand that the controlling family loves and counts on the dividend. Based on that, the dividend figures to be solid through at least this year anyway.
NOV ended trading on May 19 at $31.09. Here we are, less than 3 weeks later, and the company is up over $6. Gotta love it.
Trying to figure if this latest acquisition is largely responsible for the upswing.
Right now up nearly $7 in three trading sessions. Short covering is wonderful. Let it continue into the $40s.
And there appears to be nobody here to celebrate.