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Re: cliffvb post# 105302

Thursday, 08/14/2008 12:53:40 PM

Thursday, August 14, 2008 12:53:40 PM

Post# of 173859
Cliff, Re: NM. I don't recall saying that the 16% dividend was safe. I'm not even sure that the dividend will be 16%. That is what I was asking. Does it look like the dividend could be $1.60 for the next 12 months? They just paid 35 cents for the June quarter and said that the next 2 quarters would be 37 cents and 40 cents respectively. If they paid zero 3 quarters from now the dividend for the year would be $1,12 and at the present price of $9.59, that would be a yield of 11.67% and if thay did pay a 40 cent dividend 3 quarters from now it would be a $1.52 dividend for the year and a yield of 15.84%.
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