If the Dividend is cut 2 cents to $1.08 annual, to get a yield of 13% the price would be $8.25 per share. The investor who paid $11 for his shares would have a yield of 9.8%.
amendment: re: PSEC and FSC target prices. I should have stated that I thing there will be trade opportunities on the way down this year, buying somewhere mid cycle after volume slows.
Shitbolts I failed to see what a CLM,CRF RO have to do with CFP. In the past they move separately.
My neighbor is from Oregon, when she orders something like a IPad or furnature she orders from a company that has subsidary in Oregon and Charlotte. By placing the Order in Oregon and having in delivered in NC she has avoided NC sales tax, so far anyway.
A REIT,MLP,LLC are pass through vehicles that do not qualify for a 15% Qualified Dividend Rate. A holder of Preferred is not a Partner and could be issued a 1099 .
My magic numbers are: PSEC $9.0-$9.50 and FSC under $9.00. They both are probably going to earn a Dividend cut by Q1. IMO The Dividend stock with earning issues is going to correct much harder than issues that easily earn there Dividend. "patience grasshopper " said the Old monk .
This a regular trade that has done well if one is careful. Its usual ExDay is the 16,17 or 18th of the month but its 9/24 for Sept 2014. It sold off today as if a ExDay and GLAD did the same. My guess is profit taking. Luckily i sold for $14.38 early in the cycle. I wonder if High Yield is correcting, in anticipation of higher interest rates?. If so the only solution is to keep trading and taking profit. .
Tonofelephant, You were very lucky in 2013 , I was not so lucky trading Dividend stocks with monthly FED scares and finished the year with 6%. This year have had fewer shocks sitting on 13.78% and working to slowly edge it up. My big enemy is boredom, now trying to talk myself out of BABA, and get back to what works. Looking to the Holliday season to load up on Tax selling and fund window dressing cast offs. I did wish a good correction before New Years so 2015 can start off robustly,in that I trade heavily and make most of gains between January and May. My one hard goal is not having to go out looking for a job:)
Fidelity is taking Limit orders at 7am( no premarket) and Market Orders after market open. I might enter a low Limit VWAP order just for fun to see if I snag a share.
Tulsa, Excellent post , chasing some arbitrary number goal leads to trying to force the issue and adds risk that most retired investors can not afford. There is money coming into the market that was pulled in 2008-09, these people think they missed the boat and are trying to play catch up,it can't end well.
Bought VNR back for less and started small position of MCC. Just a very flat day..
RE:BABA, I read that insiders will not have a lockout period and can drop $8 bill worth with the IPO. Makes you want to jump in with both feet on the open:)
I hereby nominate johnharleyn,s post for "The Post of the Weak" award. If John wants to pay taxes on his IRA income its his dam right as a American. Also it will help cover for my cheating:)
I pass through Euphalia on the way to Fort Walton Beach. I hit it during a Bass Pro Tounr once you not get within a mile of a gas station .
You got it Obummer. By the way the cheapest gas in 500 miles of Huntersville that I have found in a small station in Euphalia ,Alabama. Mark that on your GPS :)