Thursday, December 8, 2011

IVR declares dividend-- bad news

IVR declared a $.65 dividend at 3:17pm today.   It was previously $.80.  Aftermarket shares dropped 5.97% to $14.80 on top of the 2.18% loss they had during trade hours today.  This is a 7.37% drop total if it opens at this price tomorrow.  Their earnings were $.79 per share, Im not sure why they didnt declare a higher dividend but this has been a tough year for IVR and CIM.

I do think silver could drop more yet possibly into the mid $20s. The dollar is expected to get stronger.

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