I’ve written a few times in the past about the tempting teasers sent out by the folks at the Stansberry & Associates Dividend Grabber service … indeed, just the name of the newsletter itself is enough to dampen the lips — grabbing dividends, mmmm …

Unfortunately, it doesn’t quite work out every time. The first one of these teasers that I looked at was for Palm, just over a year ago. The stock was trading for about $17.50, and the company had just announced that they were going to restructure fairly significantly, a restructuring that included a big investment from private equity folks, the assumption of a lot more debt, and a large one-time special dividend to all shareholders of $9.

This new oil dividend has some similarities with the Palm situation, I expect … will it be a better or worse idea for investors? Read the rest of this entry »