I don't think you have missed the boat. 2015 is the first year that this company has earned enough that reinstating a dividend is actually a possibility.
From the 10Q,
"Series C 9.125% redeemable preferred stock, $0.01 par value; liquidation value $35,127;"
Based on yesterday's close, the yield is about 27.8% if the company reinstates a regular dividend.
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