Well, I'm one of the dividend growth investors and I'm surprised and quite pleased to hear of the dividend. I know, I know, how the heck did I get ahold of this stock if I'm looking for dividend growth? Anybody can screw up. I bought a few hundred shares for $11 three years ago and didn't have enough sense to sell it when it doubled. Now it's my biggest holding and I'd be crazy to buy more... unless it was reinvested dividends. Somebody stop me!
I guess there are different ways to read things. I wasn't complaining about judgements. I was asking for them. If they continue to increase the distributions (even though they said the increase would slow) I'll be collecting an increasing return on what I paid. At some point it will be 10, 12, 20 percent if they don't sink the ship. Just saying there are other approaches than worrying about buying and selling. Just buy and collect, my heirs can sell.
I was pleased to hear they'll be paying a dividend. That will make it a lot easier to continue holding a couple of years down the road. Maybe that will take some of the volatility out of the stock.
I'm holding long term. But I'll add to your post. They're saying the the "dividend" will probably be a return of capital distribution. They're saying "adjustments" to the distribution will likely slow. Insiders have been selling. Even though the rental income has increased 5.8%, overall income has decreased 5%. Does that mean something else fell in the toilet? I wouldn't mind my distributions buying shares in the high 30's or low 40's as long as it doesn't get scary and go to $20. Also, if they cut the distribution, they're fired. Otherwise, I'm sticking around to collect an 8.4% return on my cost basis. I'm not saying all this to convince people to dump as opposed to the above poster's pump, I'm just saying, you can ignore a lot of these fluctuations and eventually collect the income.
"Dividends above 6.4% may bring long term money into this name." OK, I bought a few hundred shares a few years ago. My cost basis (increased by div reinvestments) is around $34. At the current $2.88 a year distribution I'm getting 8.4% return on the distributions. So if the price goes down to $34, I'm still getting 8.4% if they never increase the distribution. (They said distribution adjustments would slow.) Am I long term money? If you were me and thought the price would fluctuate, but not go below $34, would you stay and take the 8.4%? Fly, below me there bought, sold, and will buy back if conditions warrant. Am I stupid to just hold, ride out the rough spots, and (if they do make some increases in distributions over the years) collect an 8 or 9% return?
Well, read the sentence that you wrote. If you didn't mean exactly what you said, that's understandable. Is there some other interpretation of "price was forced down?"
You're right. Looking back is useless. But there is a future. Today's close at $19.56 makes it look even more like $17 is just a memory, but if there are skipped/lowered distributions still in the works, maybe we'll see $16?
My distributions, tax payments and reinvestment entries for BIP in my TDAmeritrade account today amounted to 12 entries. I don't know if it's just that complicated or if somebody at TDAmeritrade has no idea what they're doing.
I'm wondering if the effects of the fire damage on the company's stock is about played out or if it's going to drop some more. It's looking like $17.xx might be the place to start buying.