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Strategies & Market Trends : Value Investing

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To: CusterInvestor who wrote (40498)1/10/2011 11:38:51 AM
From: E_K_S  Read Replies (1) of 78595
 
Re: MHRpC - ex-dividend tomorrow interesting trading again this month.

176K shares with a high of $25.15/share. The dividend is $.2135/share so stock should trade tomorrow at $24.79/share. Stock typically goes back to $24.94/share or higher in approx three trading days. Company still has over 5 million shares yet to sell at par to complete their authorized limit. It looks like .5 million shares/month are being bought on average so there s/b plenty of shares available at par (ie $25/share) at least through Nov 2011.

Nice to see that there is good demand for this preferred every ex-dividend period. There is good liquidity for dividend capture strategies.

EKS
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