Last Blog on DCIX
There appears to be some erroneous information on some of the web sites concerning DCIX.
For example, the "street insider" shows their Q3 dividend of $0.15, as an "annual" dividend, rather than a "quarterly" dividend, and has them yielding 3%, instead of 12%.
Yahoo Finance has their Q3 information under "Key Statistics" (finally), but when it shows the dividend information on the bottom right, it has erroneous information which they attribute to Morning Star.
The BAC/ML analyist "downgraded" it to hold, but the rest of the analysists still show it as a "strong buy". I suspect the "downgrade" from the BAC/ML analyist has something to do with the fact that there was a change in the head of that section to a more "conservative" individual. I can't seem to find any information on why they "downgraded" it.
Jefferies "lowered" their price from $11 to $8, based on the fact that they did not accquire another ship during the 3rd quarter, but reaffirmed their "buy" rating.
Here on the "recap" page for DCIX at the Motley Fool, they show the dividend at $0.18, rather than $0.60, which probably has to do with where they get their "feed" from. It looks like someone took the Q2 dividend of $0.03 and added it to the Q3 dividend of $0.15, and came up with $0.18.
I am now going to let it go, but since the ex-dividend date is Nov. 30, I just wanted to make one more attempt to give a heads up to anyone who may be confused. I would hate to see them miss out on a very good investing opportunity to get a good yield from a company with a strong balance sheet.
I think that at least for the next 18 months, this is a winner.
JMO and worth exactly what I am charging for it.