written by reader MFC Industrial

By xiexgp@gmail.com, February 13, 2014

Anyone have any idea why this stock dropped 5.5% on 2/12 without any news?

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6 years ago

I have no idea in regards to the drop. I was doing some record keeping and have not received a dividend from MIL since the October ’13 payment. Has any one heard/read any info relating to the MIL dividend?

Travis Johnson, Stock Gumshoe
Reply to  joshsorensen

They’ve settled the dispute with their dissident shareholder and presumably will cooperate with the new board members to some degree, but they like to keep things opaque as much as they are allowed. I have not seen any update on the dividend, but presume that it will continue to be set at a rate slightly above that of the 10-year Treasury Note as has been their stated policy. They might wait to mention it until the quarterly report, which will probably be a few weeks.

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