yahoo has wrong percent for div yield; div has been .23/quarter for at least prior four quarters, hence the annaul dividend is slightly over 7.8% at current price by my calc.
agree - risk. Moved to diversity of different REITS; JRS is an ETF with just as a good,or better, dividend. Also, ESS is an example of an apartment REIT and rental rates have been rising.
good point; if secondary, some would short now knowing they would cover with shares delivered in a secondary. However, a very successful secondary would be good shareholders as allows them to purchase more properties in this market. So secondary would be a short term blip; more likely than not it looks to be someone putting pressure on the open this morning and once their selling position is finished the stock returns to where it opened today at $23 seems plausible. Recently, this one broke through 200 day moving avg. which is a strong technical indidactor and fundamental indicator on the strength of the portfolio relative to other office REITs.
not sure, the dividend seems secure based on past analysis, may be just technical trading but unsure. Just checked most recent insider trading by owners was at $24.03 back in May. Other thoughts?
What is working strongly in Niska's favor right now is the huge spread between the Summer and Winter natural gas rates... therefore, it makes sense to have your natural gas stored for the Summer months to take advantage of the Winter rates. Plus, what is helping is the high yield at these levels and with the natural gas rates in Niska's favor, the confidence of that yield can only be enhanced. Keep in mind, this came public at $20.50 back in 2010.
Zynga stock attractive -- Facebook without the legal entanglements
bit concerned about the cost of all the flooding, water outages, and so forth the company is experiencing in New Jersey and elsewhere. This cost may or may not be significant. I have not seen any comment on that.
This is very good news and will re-attract REIT ETFs and funds that only invest in those that have dividend. Before they suspended the divident was higher than this, and possibly left room for div amount to climb on an annual or quarterly basis. As it is, this is a about 4.25% yield.
may be too early to tell; but worth watching. After a secondary it usually takes several trading days to digest all the new supply of shares on the market. Once consolidated, typically the shares return and continue to their same level and trend. Granted, this stock has more volatility than the typical stock.
At approx. seven cents per month dividend, we are now approaching a yield of almost 4% and that yield is free of federal income taxes. Plus, if rates tick up the dividend will increase... munis seems like the gap between munis and treasurys has gotten large enough that munis have to find a bottom here to bounce from.
I think I figured our your mistake; Yahoo mistakenly lists the # of shares as 31m and hence that is why the PE if at 3; these RIO shares always existed and included in Wall Street valuation of CLD. CLD may have had 57m shares, for a PE of around 6. Bottom-line there was not dilution, just whole lot of shares to be sold and digested by the market. Once digested, typically a day or so, it returns to prior valuation. In this case, once RIO shares sold the overhang that it would be coming is gone and hence quite positive. Plus, PE still in single digits which is less that peers.
You are incorrect -- there is NO dilution by them offering some of their shares. There is no change in # of shares outstanding (which would dilute). Rather, in short term, it increases supply of shares for trading. However, as you say, it moves Rio one step closer to not having control, and reduces the overhang of the potential of this happening... because it just did! These things are non-events once shares are successfully sold in the secondary, and the market digests in a day or so.
Cloud is spin-out by Rio Tinto; hence Rio still owns a chunk of the company and is selling some of their shares they still have. This was to be expected and is actually good (strangely) since it takes away the uncertainty/overhand of more shares hitting the market. The more shares out there, the more institutions can get involved, more diversity in shareholder base, and more liquidity.
Typically, these stocks fall like this to absorb the big sale (after all, this is not a 100 share block, it is much more, and will be done below the current market to get it all done). Once new shares are digested in one to two trading days, my experience has been the shares return to prior level or beyond. CLD appears to be in an accelerated growth phase now, and the prospects have been looking good.
actually funny; trading based on speculation that a scandal regarding the government may break in the midst of an election. How about all the scandals here.
dilution is what took this from over $50 a share to to $34.50. Oil prices,political stability, and valuation (chk out PE) is the determinant. Yes, weak hands from recent stock sale had to be shaken out.
agree - actually good consolidation. Oil prices are only going up; especially in $ denominated terms.