EGLE ex-dividend on 10/26 (3%)
Eagle Bulk Shipping, a dry bulk transporter, will pay a regular quarterly dividend of $0.51 on November 2 to holders as of Thursday, October 26. That’s 2.9% of the share price of $17, or a nice 14% yield, but the company issued $33 millions of new shares to institutional investors at only $12/share last quarter, and an additional 2 million chares at $15.10 this Month. A chunk of that is going to pay for the dividends. So better flip in and out on this one.
