Five Oaks Investment Corp. (OAKS)

[dave86]

Seems like every reit is having negative fins lately. Oaks posted bad earnings today as well. They still even with their loss this quarter have a book value higher than current share price.

As of June 30, 2017, our stockholders' equity was $156.9 million and our book value per common share was $5.41 on a basic and fully diluted basis.

[Scotttrader80]

Im figuring with the short week it might print $4.75 - $4.80 just out of lack of interest then resume a normal session next week.

[cdaniel394]

50/50. I thought it was going to drip at $5.10. but came in at $4.92. Crap shoot.

[Scotttrader80]

What are the chances of being able to get into OAKS under $4.80 to catch the dividend this month?

[Scotttrader80]

Ya but without the p.o the company would diassapear like JMI did. Both OAKS and JMI were trading neck to neck a couple years back with rivalry dividends.

[DrStockonomics]

The offering killed the momentum OAKS had been building. This could drop to the low 4's. At $4.25 that would be a 14% yield which should be a good loading point

[Scotttrader80]

Reliable like clockwork

[GMONEY4]

Third Quarter 2017 Common Stock Dividends

Month Dividend Record Date Payment Date
July 2017 $0.05 July 17, July 28
August 2017 $0.05 August 15, August 30
September 2017 $0.05 September 15, September 28

[Scotttrader80]

OAKS is finding a new base I guess still paying .05 cents a month, it all adds up! x date is tomorrow

[iwitness4jc]

If it USUALLY does, it sure didn't this time.

[Scotttrader80]

Doesnt OAKS usually drop by .30-.40 cents before the next dividend comes around?

[Vill50]

OK, mine does allow drips. Just know in the past there was other criteria needed before drips were allowed. Got in one stock that didn't allow and I thought it would so was just curious. Thanks!

[Sone]

Depends on your brokerage provider

[Vill50]

Not everyone respond at once lmao

[Vill50]

Looking to start a position here. Is the ability to "drip" this stock available? Also noticed the dividend has been decreasing, can anyone enlighten me on why? Thanks in advance for responses

[DrStockonomics]

Nice comeback end of week here. Hope it continues.

[Sone]

Glad to see! But I meant January that's when they have cut every year recently

[GMONEY4]

Not yet.

Second Quarter 2017 Common Stock Dividends

Month Dividend Record Date Payment Date
April 2017 $0.05 April 17 April 27
May 2017 $0.05 May 15 May 30
June 2017 $0.05 June 15 June 29

[cdaniel394]

Any thoughts on buying OAKS here? Thank you.

[Sone]

More cuts to come

[DrStockonomics]

How far down do you think it will go?

[DrStockonomics]

Has anyone received their special dividend yet? Mine still hasn't showed up in my Scottrade account.

[GMONEY4]

Divy cut to .05. I'll be looking to add when this settles.

[not one red cent ~NORC~]

It should recover. That is a pretty big payout from the company and the market reacted.

[DrStockonomics]

Nice special dividend but not happy with the $1.50 drop after hours afterwards

[not one red cent ~NORC~]

Very nice special dividend.

[thehondomeister]

Nice day here today and did I hear they announced a special dividend today as well?

Yes!!! $1.32...special dividend.....

http://investor.fiveoaksinvestment.com/phoenix.zhtml?c=251672&p=irol-newsArticle&ID=2221169

[DrStockonomics]

Nice day here today and did I hear they announced a special dividend today as well?

[GMONEY4]

Gonna grab some to when it settles.

[DrStockonomics]

Starting to like the price here, any chance they raise the dividend back to .125 where it was a year ago? That would make this one hard to pass up.

[DeafTrader2]

difficult stock ticker to trade ...

[GMONEY4]

Waiting for under $4 again.

[GMONEY4]

Getting cheaper.

[ahall]

The DRIP should be nice....get more shares at this low price...

[GMONEY4]

Adding on this dip.

[ahall]

Buying opportunity. Good sized dip

[ahall]

Seriously NSDQ 19,000 at 5.75!!! Cut that offer way down.

$10million buy back..The company better start doing it now before it gets more expensive.

[GMONEY4]

Divy cut to .06 and 10m stock repurchase program authorized..

8:30 am ET December 16, 2015 (PR Newswire)
Five Oaks Investment Corp. (NYSE: OAKS) (the "Company") today announced that the Company's board of directors has authorized a stock repurchase program for up to $10 million of the Company's common stock. Under the stock repurchase program, the Company may repurchase its common stock from time to time, in amounts, at prices and at such times as the Company deems appropriate, subject to market conditions and other considerations. The Company's repurchases may be executed using open market purchases (including through 10b5-1 plans), privately negotiated transactions, accelerated share repurchase programs or other transactions.

The Company also announced that its board of directors has declared monthly cash dividend rates for the first quarter of 2016 of $0.06 per share of common stock for the months of January, February and March:

First Quarter 2016 Common Stock Dividends

Month Dividend Record Date Payment Date
January 2016 $0.06 January 15, 2016 January 28, 2016
February 2016 $0.06 February 16, 2016 February 26, 2016
March 2016 $0.06 March 15, 2016 March 30, 2016


To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/five-oaks-investment-corp-announcements-300193773.html

[MR MUTT]

When it gets too cheap they always lower the divy.

[MR MUTT]

When it gets too cheap they always lower the divy.

[GMONEY4]

Getting cheaper and that divy is looking good for a starter. Let's see if $6.00 holds this week.

[MR MUTT]

I have been watching OAKS for a while and just got in. I liquidated some junk stocks and bought in. I was also watching MFA and AGNC. OAKS won out for the moment.

I am also thinking about doing some vertical spreads to generate cash to sink in to a variety of REITS. Probably MFA next time as it is a little more secure.

[Shane_zuk]

Yeah I may hang long enough to get the dividend to off set loses and jump out.

[mnfats]

It seems the market didn't like the latest news. Dividend .125, but PPS drops .30 every month. Not a good sign. Not sure how much longer I willing to hang in there.

[Shane_zuk]

I am in also with a 2150 share stake. I hope the speculated high earnings come true, and I can make a years worth of dividends on the low get price I got on this last dip.

[mnfats]

Seems we have the same problem. PPS goes down more than the dividend being paid out each month. We'll have to wait and see what earnings look like.

As far as people here, not the type of stock IHubber's are interested in. We may be the only two in this one.

[KKKKKKK]

I AM IN AT 10.88. 1906 SHARES. HAVE 543.00 IN DIVVY SO FAR. I JUST HOPE TO SEE IT KEEP PAYING AND INCREASE SOME IN PPS. WISH MORE PEOPLE WOULD SHARE ON THIS BOARD. GL

[mnfats]

Divvy in nice. I wish I had waited a couple a weeks before entering. Cost average around 11. Haven't had enough dividend yet to be even. Not what I had planned on. Going to take awhile.

Not sure I'm happy to see someone here that has struck out 7 times on positions held. LOL

[KKKKKKK]

HOPE TO SEE A REBOUND FROM THIS WEEK. THE DIVVY IS GREAT AND WE SHOULD BE AT 11.00+ BY MID-SUMMER.IMO

[mnfats]

Holding steady and nice dividend rate.