We were slightly disappointed with the amount, despite the indicated yield of 11.43% based on the most recent bid price of $6,300. As you may recall, our last piece on Avoca suggested a dividend of between $800 and $1000. While we were out of range on our estimate, that brings total distributions over the two year period we've owned Avoca to $1,470 per share. (We paid around $28.25 share prior to the 1 for 100 reverse split/delisting.)
No complaints here.
Disclosure: the author has a position in this stock.
