Yes, but everyone expects a dividend cut because they are not earning the payout. It happens. But I usually wait until the cut is announced and the inevitable shift of income investors that get nervous get out and the nex income investors who are buying in at good prices come in.
Just did that with NAT.
Not just tanker companies. I watch all high yield plays that are going to have to reduce the payout. Did that with PSEC. Check that chart--after the cut.
News 
Market Data 
Discover 
