Running_Man
Thinks s/he gets paid by the post
- Joined
- Sep 25, 2006
- Messages
- 2,844
With KRE approaching a new low and getting tantalizing closer to my price of 26-28, I looked into the ETF again and began to wonder why the index did not pay a dividend in the 1st quarter so I called them up today and they were very evasive and the person who took my call - Cassandra was reluctant to state how they determined what to pay in dividends, only that they had not enough cash on hand in the first quarter to pay a dividend.
I asked Cassandra if they didn't just collect the dividends and return that as a payout she said that is how it worked after their expenses. I asked her if she had any idea what the 2nd qtr and annual amounts would be and she said she could not say for sure but the best guide would be to use 50 cents per quarter as a proxy which would be 4.7 per cent yield at today's close.
Are ETF's immune from having to file quarterly reports? I see KRE only offers reports for 6/30/07 and 12/31/07 and a prospectus that is of limited value.
I asked Cassandra if they didn't just collect the dividends and return that as a payout she said that is how it worked after their expenses. I asked her if she had any idea what the 2nd qtr and annual amounts would be and she said she could not say for sure but the best guide would be to use 50 cents per quarter as a proxy which would be 4.7 per cent yield at today's close.
Are ETF's immune from having to file quarterly reports? I see KRE only offers reports for 6/30/07 and 12/31/07 and a prospectus that is of limited value.