On February 20, 2015, the board of directors of the general partner of Icahn Enterprises declared a quarterly distribution in the amount of $1.50 per depositary unit. The quarterly distribution is payable in either cash or additional depositary units, at the election of each depositary unit holder and will be paid on or about April 22, 2015 to depositary unit holders of record at the close of business on March 9, 2015.
"NLY Returning over 11% year, this is great compared to bank interest at 1%"
You forgot to figure in how much the stock price dropped. Total returns have been terrible.
The Non-Binding shareholder proposal is to request the BOD to authorize the Fund to conduct a self-tender at, or close to NAV. The board opposes this proposal, but it seems like a reasonable request to me. What do you think?
"Quoted me 10 cents per KWH. Is that typical nationally?"
They quoted me 15 cents per kwh. The salesman was too aggressive. Did an Internet search and found out the company has been prosecuted in at least 11 states for improper sales practices. So over aggressive sales tactics seem to be the standard procedure with this company.
EPR announced today that David M. Brain is retiring from the company on March 31, 2015 and Gregory K. Silvers, currently the Chief Operating Officer and Executive Vice President of the company, has been appointed by the Board of Trustees to succeed Brain as Chief Executive Officer and President, effective immediately.
I wonder what the story is behind this retirement? He is only 59 years old, so I assume there is something else going on here.
Annaly Capital Management announced today that it will release its financial results for the quarter and year ended December 31, 2014 after the market close on Tuesday, February 24, 2015. The Company will conduct a conference call and audio webcast to discuss the results on Wednesday, February 25, 2015 at 9:00 a.m. Eastern Time.
"Does the $12 price target still seem too aggressive?"
It depends on your time frame. If you are looking at a 3 to 5 year time frame, then $12 per share may well be possible. If you are looking at a one year time frame...Not likely.
I'm looking forward to the earnings release on Feb 5th. This should give us some indication of how things are going with housing sales for SPF.
The important factor from an investing perspective is what types of freight are the railroads carrying? Coal seems to be on a downward course as natural gas is cheap and concerns about pollution and carbon emissions are causing demand to drop.
Yes, the high dividend is a warning sign that the dividend may be cut. If you don't think the dividend will be cut, you should be buying like crazy.
If you want to short this, you just need to buy TZA. TNA and TZA trade in almost exact mirror image of each other.
Good luck whatever you decide to do.
"I like the dividend if the stock doesn't keep falling and eating up my capital."
The real horror story will start if and when they cut the dividend.
"NLY is such a great value at 11.5% that it should easily move up as people are looking for value oriented investments with a good return %."
Another possibility is that interest rates rise and adversely affects NLY to the point that they have to cut the dividend drastically.