Aquila (formerly UtiliCorp) (ILA)

[Bob Zumbrunnen]

After trading as low as about $14.26 yesterday they closed at $16.04, giving an effective dividend yield of 7.5%. At $14.26, their dividend yield was closer to 8.5%

I'm going to go ahead and start trading this one, initially on the long side. They haven't cut the dividend (yet) and while I fully expect that they will, they've given no indication yet that they will. Quite the contrary. They're insisting the dividend will remain intact.

Their last quarter was hurt in part due to a comparatively mild winter, so perhaps a comparatively warm summer will help.