Doesn't it have something with toady being the ex-div date?
Don't most stocks go down on the ex-div date 'cause the div is built into the current market price on that day?
So under Carter (and Ford), we had 18% mortgages, but we also had 18% muni bonds (3x exempt). And under Bush, we lost 30% of our 401K. Not certain which is worse.
you have to own it before 8/17 being ex div, remember the seller gets the div not the buyer on ex div. payable 9/15/15
You can't get a payout with cash so many will look to invest in this stock since I doubt there will be a rate hike in Sept. as anticipated before this Greek mess. Now it looks like 2016 for a hike but not until the 2nd half of the year.
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I am also in my 50's, and remember the early 80's when mgt rates were 18% and CD's were paying 13%, which now seem totally impossible - back then it was just as ridiculous to talks about banks someday paying .01% on savings, so don't be too quick to rule out 5% CD's in the next 10 years. But my 5% was just an example to illustrate the correlation.
this will also takes years to be decided so in the meantime we MIGHT get back to business as usual. I hope so anyway