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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