March 9, 2016
ELB is going ex-dividend tomorrow which provides you the opportunity to buy around $25.07. We would suggest placing a buy limit order for that amount. This issue pays 5.9%.
Entergy Louisiana LLC, 6.00% Series First Mortgage Bonds due 3/15/2040, issued in $25 denominations, redeemable at the issuer’s option on or after 3/15/2015 at $25 per share plus accrued and unpaid interest, and maturing 3/15/2040. Interest distributions of 6.00% ($1.50) per annum are paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date which is the close of business on the business day immediately prior to the payment date
Hopefully….someday…….the new issue EBAYL will start trading. You will want to buy this issue.