RE:at the market raises As far as the raises go they have to do them to keep the dividend payout going. Sure, they are making extra income with their strategy but I'm not convinced it's enough to maintain the payout without the raises.
Having said that, I'm a bit surprised the market is reluctant to let the share price back up to where the last raise was done - $14.50.
I traded into this by selling some of my Enbridge - sort of as an experiment to track performance and while I like the psycholigical effect of getitng the higher yield my return does not appear to be any better, even with the more frequent DRIP (monthly vs quarterly). Also, Middlefield takes almost two weeks to deliver my DRIP shares which is a bit frustrating.
123600 wrote:
don't think these raises do anything favourable to the common. certainly beneficial to the managersw though. Adds assets under admin = higher fees