Wholly smoke! How the deck is this stock trading at $6 level is beyond my comprehesion!No brainer, I am getting in pre-market on Monday.
6.1% dividend to be exact as of Friday closing!I think dividend and value bargain hunters will rush to buy SVU next week. This is probably the lowest it will ever get. I agree, It's almost ludicrous to be at these level!
Bloomberg data a couple of days ago:SVU SUPERVALU Inc 5.89% payout ratio: 30.9%Low payout ratio relative to most dividend payers.