NM MSGI, I know you were inquiring about the safety of the div. I meant to say that the prospect that it might be a safe dividend if all their rates and revs were locked in got me looking into it. It no longer appears (to me) that the current high rate is safe since only a portion of their rates and revs are locked in over the next 5 years and they will likely have some large capital investments coming up with all the new tankers coming online. Also interesting that the market did a big ho-hum when the higher distribution rates were announced. This stock was twice its current price when they only had a 9c distribution.
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.