A.I.M. Users Bulletin Board

[SFSecurity]

Hi Toofuzzy, I have almost 20% of my cash in MORL which is paying just over 20%/year in dividends based on the current price of $16.23.

I got into it at $16.79, and I've had a couple of buys and no sells so my current price/share is now $15.746/share. I've gotten 6.87% in dividends so far this year, that's about 9%/year. It would have been more if I had been willing to risk more when I started out.

MORL is a bit screwy in that the dividends are quite low for two months and then jump high for the third month. It looks like the best time to get into it is somewhere after one of the big dividend months and then sit on your hands and collect your dividends and wait for the next downturn to buy some more.