SKE is expected to go ex-div on 16 Sept. As its essentially cost neutral to PRG, I would hope that SKE decide on a final divvy of 25c (ff, giving an effective pretax payout of $0.304.)
If so, it makes it very persuasive to buy SKE right now on the yield alone, giving plenty of space below for a PRG SP drop. If the divvy is more in line with the last divvy (7.5c), its still an approx. 10% return.
Two big IFs, though, so not risk free!
SKE Price at posting:
$1.69 Sentiment: Buy Disclosure: Held