This was to be expected. They tend to stick to the same dividend for the year.
$1.02 dividend announced despite the stock being up 20% since 3/31.
We were getting back $0.96 when the stock was $90. Now it’s 6% higher with a price some 230% higher. Next year If this stock price hovers around $200, we need a $1.50 dividend or bust. The 4% dividend yield used to be respectable. I think it’s down below 2% now.
$1.02 dividend announced despite the stock being up 20% since 3/31.
We were getting back $0.96 when the stock was $90. Now it’s 6% higher with a price some 230% higher. Next year If this stock price hovers around $200, we need a $1.50 dividend or bust. The 4% dividend yield used to be respectable. I think it’s down below 2% now.
