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Companhia Siderurgica Nacional (SID) Message Board

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  • lein2christ lein2christ Jun 1, 2010 7:22 PM Flag


    The dividend is very safe. Granted, the value of the dividends has decreased over the past several years. I have held SID since 2003, and it has done great with dividend payouts and through stock splits. Since it is a foreign company and I hold the ADRs through Scottrade, I tend to experience some lag time (about 1 month) on actual dividend payment shown up in my account. As for a bottom, I believe that it reached the $8 range during the most recent economic downturn, but it tends to trend up to about $40 + before it splits. Now is a great time to get in.

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