From UBS site: MORL
pay date----- amount---- ex date---- record date
10/21/2015 $ 0.6702 10/08/2015 10/13/2015
Why depend on yahoo when you can go direct to the UBS site.
$0.79 should be announced today with an x-div date on 10/8 gives you til close of business on Thursday to own it.
Sentiment: Strong Buy
The markets have been anticipating a rise in interest rates for some time now. The fed action has been to talk about lift off and then do nothing. Now Janet is worried about EM and especially china slow down. In my opinion the US economy still stinks, job numbers are a joke with the participation rate at 40 year lows. 47 million in the EBT soup line suggests the economy is going nowhere fast. Wall street doing well, government employees doing well, main street gets the shaft and must deal with the exporting of jobs and importing of low wage workers. The new normal is low interest rates for the foreseeable future, continued deficient spending and more growth in the 19 trillion debt. Every 1/4 per cent fed rate increase will cost the US another $45 billion in annual interest payments. Get use to low rates, they are here to stay. JMO
Sentiment: Strong Buy
You have to be kidding.( "Actually, I believe they will do what is best for the country... and the economy.") The fed is a private corporation owned by Big Banks, they will do what's best for the stockholders. Imagine if the FDA was a private company owned by the big drug companies, or the EPA was a private company owned by big oil. The fed looks out for number one, the fed.
I understand what you are saying and agree with much of it. However, those that looked to make money as the stock price moved down also look to lock in those profits, and must cover to do so. Those who were not short and just wanted a lower entry point have gotten it. The price had plunged to the point that it is not an attractive short at this time. Add in the company buy back and pending $0.14 divy announcement and it seems to me that more money is to be made betting on the upside rather then the downside. At over a 19% annual return at this price, looks like a buy to me.
The price fell from $11.34 to $8.34 in two days, July 11th and 12th, so my point is that their is little resistance back to the $11 level when looking at the chart. JMO
Not much resistance from this level to $11. Not saying it will move fast once $9 is taken out, but I am saying not much to hold it back. Shorts are covering and will run for the hills when $0.14 divy is announced. JMO
Looks like the BOD is not in the habit of knee jerk month to month dividend changes. The original $0.135 held for nine months followed by and increase to $0.18 that was paid for 19 month. In my opinion, the $0.14 will hold til the end of of the year and we may even get a special dividend at year end.