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Companhia Siderurgica Nacional (SID) Message Board

  • terracin terracin May 19, 2010 12:41 PM Flag

    SID seems to be a different animal now...

    and I've added to my shares recently purchased at 19, and change.
    The dividend is now a whopping 7.8% with a pay out ratio of 32% (a pretty small part of profits). This must of just happened (high divi payout). I have added this morning at 13.90, and look to add more with this correction, caused by Greece. Greece has the same GDP as Philadelphia. Actually Philly's GDP is slightly higher than Greece.
    South America is the place to be as Brazil will host the World Cup, and Olympics in 2015/2016. I can wait for share price appreciation while collecting a 7.8% divi for one hell of a long time.

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SID
5.00-0.21(-4.03%)10:21 AMEDT

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