i'm good with it NMB. it's just remarkable how stable the share price is, even with the added volatility (potentially) of very low volume. i fully understand it's an income play, with cap appreciation as a future bonus (hopefully). only 8 of the 13 CLOs have made distributions thru june 30... so i feel comfortable owning ACSF at $13.80
lots of eREITS were up today. a mini blip rise in the super low yielding 10yr doesnt explain (to me anyway) why ARCP was down today. under $13 again is just depressing.
$2.0 dividend in 2015, with 10% increase annually after that, not including new projects and acquisitions. growth + yield = ideal situation.
if you have a schwab account, check out the research paper from credit suisse on KKR. it was written right after earnings a few weeks ago. they're very bullish on KKR. they anticipate a $2.45 dividend for 2015. at the current yield, that would equate to a $33 share price. mike murphy on on FastMoney said, "this is a $30 stock."
i have had absolutely no intention of buying FSFR, because i was already invested PFLT (among others). but i bought some FSFR at $12.21 in the pre-market. as horrific as a 22+ million share offering 2 bucks below book value is, $12.21 just seems insanely cheap. hell, it's all time low prior to today was $13.09!
they announced a raised dividend for september. they presumably knew this past quarter wasnt going to cover a 30 cent div, so i'm guessing they expect the dividend will be covered during the current quarter.
credit suisse has a good research paper (from right after earnings). they give KKR a $33 price target, and project a $2.45 annual distribution in 2015. so at $33.00 that would give you a 7% yield. we're in the summer doldrums. KKR is cheap.
what do you think KMI's share price will be in 2020 when their dividend is at least $3.0 annually per share? here's my guess: waaaay higher than now.
rich kinder says KMI will pay a $2 annual div per share in 2015, with a 10% increase per year after that thru 2020. based on the share price at the current dividend at the close last friday, before the re-organization was announced, that would project to a $63 KMI share price in 2020. and that does not include any new acquisitions or projects.
it looked very suspicious at the time that they announced a raised dividend and then shortly thereafter issued new shares. at the time it caught my attention because i've never seen a BDC cut their dividend and then turn around and raise it so fast. it all happened in about 6 months.
the phone is the standard way to have a conference call.... that's why it's called a "call" ...as in "phone call." all the analysts you hear asking questions are on the phone. if you wanted to ask PNNT management a question, you have the chance by using the phone to access the call. having access to the call on the computer is simply an additional option. the vast majority of companies have the call accessible on the internet, but there are still companies that dont.... and PNNT appears to be one of them.
NII per share for this quarter (29 cents) more than covers the dividend (27 cents). NAV now at $14.52, up 42 cents in the last 3 quarters.