I have held NYCB since it was NYB. You are correct. They are not a bank to sell out or a bank to increase dividend. Safe play for LT.
I have been going over the board reading messages about SDRL not reinstating the dividend for a good year at least. All I can say is that this is the same board that promised the dividend would stay the same through 2015.
I checked out the 5yr chart on FSC. Divy started at .10, droped briefly to .05 on 12/11/13 and settled at todays .08. RSI today is at a favorable 27. If you already own FSI, as I do, just re invest and ride it out. Like many others on this board I was burned by the drop in oil. At least FSI is still paying a divy. More than a MM.
Not my quarter is it. Picked up SDRL back in Sept after Board said it would continue divy. Lost half of investment already. Now PSEC. I have held and will continue to hold PSEC re investing what divy they pay. In my IRA and still have several years to go. As for SDRL...
Play the game. I just picked up more SDRL today. She creeps back up to 20 or so, nice gap to fill on the charts, I sell my new shares, declare first in first out for taxes despite the profit, nice write off.
Mr. Zimmer has the right attitude. Play the game. I just picked up more SDRL today. She creeps back up to 20 or so, nice gap to fill on the charts, I sell my new shares, declare first in first out for taxes despite the profit, nice write off.
Just took my car in for an oil change this morning. Came home and SHAZAM! Should I have waited a year or so? Don't think so. I made the mistake of buying SDRL on it's first drop back on 9/30/14. Out several thousand today. However....
I read back in August the oil cartel had already decided to let prices fall and force a correction. Which will happen. I figured a cut but not elimination of the dividend. SDRL is a strong and wise company. Bite the bullet or get out.
Sentiment: Strong Buy
I am a Buy/Hold also but all my stocks MUST pay dividends and all is reinvested. Regarding LINE that pays 12%, I just picked up Sea Drill and Pengrowth Energy. My portfolio is diversified. I waited out the bear market in Financials, REITS and Techs. Long term it does pay off. Now it is oils turn. Great time to buy.
GGN first dividend payment was .14 per share on 01/12/12 cut to .12 on 10/15/12 and .09 on 01/15/14. Nothing looks up for me on this one. BOL.
You don't follow the news? Oil related stocks are down across the board. The world has an overflow of black gold. The geo-political control of PPB will adjust itself. I myself have added two more oil related stocks to my portfolio. Now is the time to shop for these bargains. As for JE it is a LT buy and hold for me.
There is more to the OIL story than you think. It is Political with world wide monetary results. Is this the time to buy in or go to the sidelines? Remember all it takes is the media or world event to turn the market around.
If you were Saudi Arabia would you want to lose millions/billions? Just remember the 70s when they said the world was running out of oil.
LT YES the best is yet to come.
It was a cross between 2 oil companies. I looked at Linn (line), impressed with dividend till I saw it's 5 year chart. Cut Cut Cut. And earnings. Lost (.64) last quarter. So I went with SeaDrill LTD. (SDRL). Nice drop in price and RSI of 13 when I picked her up. Oil is in an overabundance with shale drilling. Those who remember the 70s and the supposed gas shortages.... All it takes is one media story saying the Arabs are cutting back on production. Watch prices rise.
We all hate to lose money. But have an investment plan, diversify and buy only income producing holdings you can weather the storm. If your holdings are large enough play options also.
Sentiment: Strong Buy