Quick Heads up on TEU & DCIX
Announced earnings and a $0.30 dividend on or about Nov.29 to holders of record as of Nov. 21.
You will have the first 3 or 4 days of next week to buy if you are interested.
It was up to $11.04 after hours, and even at that price it had an annualized yield of almost 11%.
It is reasonable to assume that investors would still be interested at a yield of 7% to 8%, which would give it a reasonable price of $15 to $17 per share.
I'm not saying it will go there, but it will likely rise more next week.
I am not including all of the details on their earnings, etc, because you can easilly read it on Yahoo Finance. Perhaps they will finally get around to updating the quarterly financial information on both them and DCIX.
For those of you who bought "cheaply", there is an opportunity to sell half, or less of your position, and hold the balance for future dividends with the equivalent of a zero cost basis.
While DCIX will not pay as high a dividend at TEU, it will be reporting Q3 results not too long from now, and it is likely that there will also be a significant rise in their share price as well.
They are a more conservative version of TEU, with a stronger balance sheet.
JMO and worth exactly what I am charging for it.