Eagle Bulk Shipping, a dry bulk transporter, will pay a regular Quarterly dividend of $0.50 on August 3 to holders as of Wednesday, July 26. That’s a nice 14% yield, but the company just issued $33 millions of new shares to institutional investors at only $12/share, a bulk of that is going to pay for the dividends. So better flip in and out on this one.

This entry was posted on Wednesday, July 19th, 2006 at 5:47 pm and is filed under Div Alert. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.