How many divy payers showed a profit for last Q, not many that I know of yet they still paid their dividends because there corps are set up that way.
Im a buyer in NAP @ $7.00 if they get there. The divy run up could exceed the .4225c dividend. Sometimes that strategy works too.
Take ORC for instance, my average is $9.70, its at $10.17 now, the x date is end of the month where ORC will probably pop a few more pennies. The short term gain far exceeds the monthly .14 cent dividend and they reported a loss for the past 2 quarters.
NAP has bunker fuel prices rising as Winter across much of the globe is closing in. I dont plan on marrying NAP, just date it for a few weeks :)
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.