Why people pull there money out of this is just beyond understanding. Investors are going to cash across the board here to prepare for the next bull market. But a move out of PBT makes no sense at all. They are taking money out of a 10% investment vehicle so it can sit @ what maybe 4% ???? go figure.....
yeah, i trade this stock, always making sure to try to have it when the record date comes along.
i've bought it at around $22 four times now in just the past four months and sold it when it got to around $26. FOUR TIMES. so...how is that dumb?
i'm only working in 1,000-share chunks, but it's been a 3 or 4 thousand-dollar hit every single time. not sure how holding it through these ups and down is smarter. but keep holding and trashing people who don't. that'll do you a lot more good.
(and i think this is a good long-term stock, but to hold anything in this market is nuts when they are all stuck in ranges.)
Check this out, where else could you get a return like this? They probably would sell this for that 4% you're talking about. What do you think?
NEW YORK, NY--(MARKET WIRE)--Jul 17, 2008 -- Consolidated Edison, Inc. (Con Edison) (ED - News) today declared a quarterly dividend of 58 1/2 cents a share on its common stock, payable September 15, 2008, to stockholders of record as of August 13, 2008.