So, a .6X coverage of the $1.4 distribution would equal a distribution of .84 annually, or a yield of 18 percent at today's closing price. Still a great buy here. What's not to like?
My shares in my Scottrade reflect a closing price of $16.18, down .12, not down .32. Looks like Scottrade thought the stock was trading X-Div today.
Sentiment: Strong Buy
I think we are seeing the beginning of the short roast......