Hypster wrote:I think this serves to remind newer investors looking at an income investing approach, that having a high yield is not the only consideration for buying the share. A year ago, DEC had a dividend cover of -2.5 times (-8 on a TTM basis), with forecast EPS for the next two years giving a forecast cover of 1.2x and 0.1x. So although DEC would come out on an initial search, sorting by yield, it wouldn't pass even a cursory assessment of the likelihood of the dividend being safe.
Well DEC has gone into freefall today. I haven't fathomed completely whats actually happened but I've seen comments elsewhere expressing some surprise its shares weren't suspended temporarily.
A 21% yield on offer for the discerning HYPster ! Is that "too high" for you ?