looking at the last 2 years or so the company has maintained at least 100 mill in cash. Just sitting there. I new with all the shares and what 18 mill per quarter in dividend they would have to do another offering relativly soon. So i have been on the side lines recently.
I just do not see an increase this year at all, and may not see one next year. Just look at the dividend track record for the last 4 to 5 years, Add share count increase, 3 times as many
shkgrad the company has been sitting on lots of cash up until recently. Shares have trippled in 4 years and the dividend is half of what it was.
The company needs to produce more than it consumes. These preferds may be the vehical to produce more income. Time will tell.
Again the proverbial carrot hangs out there. At some point a few good deals are bound to happen. It would be nice to actually see a reverce in the dividend trend, even if a small amount.
Thanks for your input
I would like to your comments on the company adding a Million more shares of RSOpA.
Any insights on the pros and cons of the company doing this?
It seems to me just another way to dilute the value of existing value in company.
Share price trending up is a good thing. If earnings continue to climb no doubt about it, dividends will also. I just think it will be 1 or more quarters until an earnings increase will show.
If earnings remain around .23 and an ever increasing share count continues, it might be longer than we think to see those gains.
With currant share count at 85 million, dividend payments are now at 17 million per quarter.
Seeds I just dont see us getting to $6.50 without an increace in the dividend payment.
If we hit $6.50 with the currant dividend of .80 per year that would be a yeild of 12.25%. we have just not been that low on yeild as long as I can remember.
I would be surprised to see $6.50 before an increase to .22 or .225 in dividend per quarter (.88 to .90 for the year).
Just my 2 cents worth
A sell on news is possible lunco!
One thing for sure, 85 million shares is 17 million in dividends PER QUARTER.
Now if these deals go thru in the pipe line, and another dividend or two goes thru, at some point there will need to be another dilution (offering). If book value is now around 5.46 can we expect an offering around 5.70 to 5.90?
since 2008 the share count has trippled, the stock price has fallen 40%, and the dividends are down 50%
I think we will be in a trading range here for a quarter or two. The last 3 or 4 reports managment stated the grass is greener down the road. As the saying goes, "proof is in the pudding"
We will see
erik! What duec was saying is he has noticed that the share price tends to climb slightly near the dividend payment date. For all who have auto reinvest thru there brokers, those shares are purchased when the dividend is actually paid, so some buying strength is there to sell into. Therefor a little run up prior to payment is common.
I have noticed the trend also
Just added the worthless poster to my ignor list as well.
These losers have been coming out of the wood work here recently in great numbers.
It seems we have been sticking to around 15 to 18% yeild for a few years now. So when earnings droped so did the dividend. and here we are around 15% again.
I feel we will be in this range until things improve on earnings. Investments are in the works and hopfully pay off sooner than later.
Well 30 days have past for this thread and we are near the price range expected.
We are in the 15% yeild range and may continue here until next dividend run.
Very good point Fred.
It just seems like we have had a string of losers show up here recently on this board.
They do not seem to stay long though.
Maybe this last bunch will move on quickly!!!!