Cohen & Steers Quality Income Realty Fund Inc. Message Board
-
Id the div safe?
I'm new here and have just started watching RQI in the past month. I saw Ben Stein on TV recommending it as a long term idea (which he says he owns - so, at his age anyway, it can't be too long term). This looks like a good (read smart) board which is a comforting plus for RQI IMHO.
Anyway, I'm looking for a spot to start taking a possition. Is this it? Yahoo shows that, after the distribution is factored in, RQI is actually up 3.5%+ today so, maybe there is still a bit of downside near term.
Also, while the div is sweet - is it safe (said the Marathon man)? A cut would be crushing I think.
Also, is the RQI div "tax advantaged"? I assume not.
Any comments on the above or general opinions on RQI would be welcome. Thanks in adavance.-
shichyes its safe...its cohen and steers!!!!!!!!!!
-
Still like a rock on last day of 07, falling that is. Tied 52 week low. That record will be shattered the first week of 08. Happy New Year.
-
The C&S dividends attributable to the Reits they own are not qualified dividends and thus not subject to the 15% tax rate,
-
All I can tell you about regarding the dividend, is this company, Cohen and Steers is about as finely managed a company as there is...if any dividend is safe, this one would be it. The yield is scary, I admit, but I'm holding, I just bought in a couple of weeks ago for the long term. I want to own stuff when nobody else does.
- 3 Replies to rousehowse
-
.. Sounds like a good plan. Am loaded in RNP and now getting position in another beaten down fund-NRO!
-
Looks like RQI fell on its face again today. Flirting with 52 week low. Most other funds did well. Have a good weekend.
-
Yes, I agree. One thing scares me about divs in general. If Citigroup (C) drops their payout, as many predict, it will set a precedent it will give cover for everybody to drop. What to do, what to do...? As they say, the market climbs a wall of worry.
-
Might want to wait a little. Since Nov it has been straight down hill from 20. It could be nearing 52 week low soon. Maybe look for a bottom and buy on the bounce. Buy cheap and sell high. Good luck
-
Jesus Christmas, Ben Stein isn't that old...cripes, he probably has a minimum of 30 yrs left. Is that long term enough for you???
- 1 Reply to rousehowse
-
What does Ben Stein have to do with RQI? Did he recommend it?
-
If you look at the divivdends of individual REITs, and they are being cut or are likely to be cut, then the dividend isnot safe.
It appears to me that as far as dividends, it is buisness as usual - REITs are maintaining or raising dividends. The exception would obviously be the mortgage REITs.
RQI does not have much investments in mortgage REITs.
The market is pricing in a recession. If there is no recession your returns on RQI will be substantial in about a year.
-