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Author:

Jam ok

Subject:

Off Topic

Date:

06/27/16 at 1:01 PM CDT

 

 

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Sentiment:

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OT - NOK dividend

OT - NOK While I'm at it, the dividend my broker is showing for NOK is 4.91% presently. Which makes no sense to me, given that it's been 2.XX forever. Called and they said the declared dividend would be .29 cents/share, and he said that works out to the 4.91. I didn't have a calculator in front of me to confirm that. It makes no sense to me - they declared the div. in May, with June 16th as the ex-div date, and July....12th I think for the payout. And it wasn't something like a 'special dividend' being declared which would have goosed the payout for only 1 time. I'm semi-seriously mulling buying more here, but the dividend would be one factor in that. I understand that they only payout y/o/y one time, one date. But year-to-year ought to be somewhat consistent, unless the company is cash poor and needs to reduce the dividend. He' s going to check it, but I can't fathom why last week it was sport a 2.xx yield as of last week.

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