EpiPen's price is outrageous. Unless, of course, you have more than you can spend in five lifetimes.
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.