Honestly though, for long time shareholders, it's not disappointing at all. Well, I guess I can only speak for myself. I get paid the $3.25 in the divvy. Naturally, the stock is going to take a dive after announcement like that. I mean, for traders it wouldn't be a good announcement if they had just bought and are looking to sell within the year.
But for myself? I'll get paid the $3.25 on what I already own. Which means that after the divvy is paid (
Probably come November barring any really bad news), I buy a bunch more FRO, so that the next time, I get paid even more. FRO is as regular as the grocer when it comes to paying divvy's - so I am reasonably (
Less than 3% of my total portfolio is with FRO) confident when it comes to the future, and paying myself again. I'm careful not to get too piggish. Like I said, FRO could go under tommorow, and it's only 3% of my portfolio. Would suck major, but wouldn't end me.
