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Chasing Value: Newcastle announces dividend |
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| Jun 16, 2008 03:14 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: Good news, Press releases, Chasing Value, Stocks to Buy, Newcastle Investment (NCT)  Checking on one of my big calls of the year:Newcastle Investments (NYSE: NCT), which is down significantly so far through mid June, it is nice to see that a dividend will be paid for this past quarter of $0.25 per share. This amounts to a current yield of over 12%. I started writing about NCT last November when I posted Chasing Value: Newcastle's 21.9% yield too good to be true?. In late December I made it one of my Chasing Value: Final list -- 8 stocks for 2008. Some would say it was to good to be true as the stock price drifted downward and the dividend was cut. I maintain that this is just a waiting game until the real estate market migrates back to a more sure footing while you collect a healthy dividend. Most advisers would remind investors not to try and catch a falling knife and I would agree, but at some point there is real value and I have taken several "stabs" at this one trying to dollar cost average while a I wait.
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