Question is.....will they ever do those spin-offs? Seems like a forgotten subject since the dividend cut.
Can you imagine what the div would end up at if they spun off the Real Estate and /or Consumer Finance portions of the portfolio? Might be under 5 cents a month with a stock price of less than $5.
I'll be really surprised if it ever happens.
Segregate and follow these as a group..............no more than 3% of my IRA in any one of them.......
ETW (also in regular acct)
GRX (actually more like total return than high yield)
FSFR (also in regular acct)
Bought some UWTI @ 2.33 (3 X long WTI-oil) right at the close. Looking for a bounce early Monday. If I'm wrong, I'll exit quickly.
Have a good weekend ALL................Kel
A huge variable is that it resets every day. For example...........if WTI price goes up 100% in a week you'd see entirely different movement from UWTI if........
WTI went up 100% in one day......then flat
20% a day for 5 days each.....
33% a day for 3 days.....then flat
Kel............have traded UWTI here and there....not in right now
You can sell covered calls on SLV if you want and forget about SLVO. I've only had SLVO for a few months, but am happy with it so far. Getting a better feel for how it correlates to the movement of Silver itself. Actually traded around my core position (only 3% of my portfolio) for a nice profit.
I've always liked the buy / write concept, but too lazy (plus high comms) to do it myself. I also hold ETW and ETJ (also about 3% each) , two Eaton Vance CEFs, that do buy / write and pay monthly distributions.
Bought some FPL yesterday @ 17.06. Had it last year for 4 months. Have had its "sibling" FEI for 2 years . At one time also had NML and CEN, all 4 at the same time.
Decided to wittle that down to just the FEI (regular acct.) Have done well with all of them trading or just holding.
X-div date is Tuesday, March 31.............I stand corrected. Got it confused with FSAM, whose news they mix in with that of FSFR.
J......you are correct. X-date is March 31. I think I got confused with FSAM.....they keep mixing FSAM news into FSFR's news feed and it can get confusing. I don't care at all about FSAM.
It might make sense to do a R/S, but there's no compelling reason it has to be done. It wouldn't create any value for shareholders (quite possibly the opposite effect). We need some positive fundamental results from the company to boost the stock.
X-div on Friday, the27th.......then switches to a monthly div. Next X-date will be 4-29 for 10 cents. Also has already declared for the late April - July X-div dates.
Read through much of the S-3 filing and much mumbo jumbo. Sounds like they're offering shares @ 49 cents but it's really hard to sort through all that legaleeze. Can anyone expand on the S-3 filing? Thanks........
Kel..........not a current holder
I held FPL for 4 months in 2014.....got distributions from Sept. - Dec.......Sept. and October were classified as 57.9333% return of capital and 42.06666% Qualified Dividend. November and December were classified as 100% qualified dividend.
First Trust has an excellent website with much good info. Can be reached through a link at CEF Connect or by Googling it.
I did a lot of DD on CHK last week as I played it for a few trades. Still sitting on the $4 bil cash from the prop sale to SWN. Much debt (11 bil +), but they are a big company. Mostly a natgas play. Oil less than 20% of production. Noticed too how it fell from the highs today. Watching and may re-enter.