Aug. 15 at 4:25 PM
$BCAT X-divy day for BCAT, I believe .2724 for this quarter.
I have noticed that the dividend has been dropping a little each month, not significant but yet still a drop. Some people may not view that in a positive light, but I'm not one of them.
We all bought (or cost averaged) shares at different prices. Each of us needs to recalculate to figure out the return we are getting. In my case a .2724 dividend yield me about 21.5%. The NAV from yesterday was
$15.65, take out the dividend and it's about
$15.38 today. With the stock price below
$15.00 today it still sells at a discount.
Small adjustments to the dividend are fine to me. I see BCAT as diversified with a solid base. Yes, I expect some tough time shortly and all things will take a price hit (including BCAT). I do believe they have the structure to weather the oncoming storm and when it's over they will emerge even stronger.
That's just my opinion, take it or leave it.
