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They dilute shares to pay the dividend. Many of the monthly Div stocks do the same thing. It is impossible for them to pay such a high divy so they dilute shares into the market to pay the divys.
You may get 18% div however they dilute 30% to maintain the fund. That is why these stocks always go down long term. There is only 1 way to correctly play these stocks. And holding them long is not it.
So what is with the decreasing value? The dividend has been the same so you get more shares with dividend reinvestment program.
Dec 18, 2024 was a 1/4% rate cut. That was the 3rd rate cut of 2024.
When did the fed cut rates? I must have missed it
Thank you AlwaysRed!!
This is a banking stock. When interest rates get cut this stock will appreciate.
I am not committing to anything except the dividends are good. It has been awhile since the PPS has showed improvement.
Are we looking a sustainable increase in stock price?
I didn't think of that but I see why.
Some people buy after the dividend is given out and then sell just before the dividend exdate.
Some people buy in to get the dividends and then sell after the dividends are given out.
Why does this stock fluctuate like it does. Is this standard real estate activity?
I have been in OXLC for about a year. I buy the dips and enjoy the dividends.
How long have you been in OXLC? I am only 3 months in.
Good for you! I also bought for the dividends.
goodword88
I remove the DIVI's to live on as I am retired and use OXLC and other DIVI paying companies for income.
GLTU
GO4AWILDRIDE
Yes, the dividends are nice. Dividend reinvestment option is nice.
texas-gal
I have this in my account to collect the DIVI's.
So far so good.
This lastest uptick is making my account wayyyyy into the GREEN.
GLTU
GO4AWILDRIDE
I think so. I have been adding the dips.
I think so!! I have been adding the dips.
OXLC making a comeback?
Adding 100 shares a week last two months. Looks good ....
That's what you do. Imho.
Congrats!
OXLC
Yup.....where you put your OTC winnings! Imho.
Ez.
OXLC
Wow! 0.81 / .0675 monthly! Beat my prediction by 1/3+ and the pessimistic guesses by a landslide! You hit it on the head Dividendz! I'm ready to rock!! We're still at 21%
I got out a long time ago
CEN still looks like on the dip and announced a reverse stock split... gotta look closer, they split already happen and you still in?
agreed, hoping for .06 to .07 monthly like they did with OXSQ cutting the dividend in half just recently.
* * $OXLC Video Chart 06-01-2020 * *
Link to Video - click here to watch the technical chart video
Good guess.
Are you clairvoyant or is there news I can't find?
Is your dividend call why it is not even 11 AM, the volume today is more than the daily average and the stock is up 17%?
What's goin' on? Not complaining just curious.
Okay, I'll play...my guess on new div is .60 annual. Just a guess. .05 per month.
Management’s unaudited estimate of the range of our net asset value (“NAV”) per share of our common stock as of April 30, 2020 is between $2.67 and $2.77.
Is that your guess? If so then I'm thinking .06. I can't see it being higher than ECC's .08
9 cents per quarter is the new divy.
On CEN is that .03 per quarter or .09?
I figure OXLC will come in around .05-.08 cents. Another company I follow $CEN was paying .1042 cents close to OXLC's .135 and they cut down to .03 then decided to pay quarterly. A lot of companies are cutting from lack of business over the Virus. 3rd Q across the board is going to be ugly no matter what the industry is.
Gotta have dry powder looking to scoop up bargains until the economy re-opens turning things around.
Some panicked after the statement made about OXLC cutting or suspending dividends. Who didn't know that they were going to cut reduce the dividend next quarter? I see it being cut in half but definitely not suspended
Everyone collecting divies have taken a beating. Companies need to self preserve. Its just business. The companies maintining their payouts will see a influx of divy chasers. Meanwhile the MM's are having a field day shorting. Bargains are being presented.
They declared their dividend early in the year. I am not sure if they are able to make changes to it at this point. Either way, the dividend stock portion of my portfolio has taken a terrible beating..
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