Three percent cut in the distribution. Ugh. Silver lining is that the stock price is holding up.
Maybe time to increase EHI position. They did not cut.
No way the $1.80 dividend will be sustained if the stock continues to trade at ~$10. Expect a roughly 60% cut to the dividend to get to a more sustainable 7% yield
Even in a horrible market, stocks don't fall 30%. But I can't find any news anywhere! If there was some bad news, you would think it would appear somewhere. This is very frustrating.
Anyone think that HIX follows PHT and cuts the distribution later this month?
Really surprised that PHT did not decline more on Friday. After the 2015 dividend cut, this closed end fund fell much further. Perhaps investors expect other high yield ETFs (i.e., HIX) to also cut and figure that swapping is not worth it.