Wondering if anyone has an opinion on this one. I own some Diana Shipping (DSX) and they have declared their quarterly dividend to be .95 as ov Nov 26. The stock is about $8 meaning it is a payout of about 12%. They also announced they would suspend future dividends to conserve cash in this environment, for possible acquisitions. My thought is the SP might tank after Nov 26, as people get their payout. I have BKE which paid out a special $3 div on top of their normal quarterly div in Oct, and the SP dropped after. Of course everything has dropped.

Any opinions? I think if you look at this as a long term div play for RRSP, you are getting 2 yrs of div within a month, and the odds of a good recovery over the next 2 yrs is excellent. They have a great balance sheet, have paid great divs. Was thinking of adding b4 the Div payout.

Cheers!