6.60% yield should keep a floor under price. See www.optionsopinions.com for other opinions.
Not according to the idiot on CNBC -- She said it was yielding 4.9% -- Brilliant!Doesn't it make you wonder where the dig these folks up?
If you are talking about the interview on the 25 th with Kinzel. That was a disaster she just used him to talk about gas prices and the Michigan economy. I have found the producers on CNBC rarely get much right.
"Not according to the idiot on CNBC -- She said it was yielding 4.9% -- Brilliant!"She probably meant minus 4.9%.6.5% distribution + usual 11% loss in unit price = -4.9% net. Actual "return" would be worse due to taxes, so she was overstating a bit.LOL.
How does the IRS treat these dividends??