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With a dividend stock like this, it's almost preferable that it the stock price is steady. Then you can collect your 3.7% and not worry about losing principal. I've never lost any sleep over my KFT stock.
Good post and the key reason to own Kraft. It is NOT a growth company but the dividend is nice.
I agree, I have not even checked to see what price KFT was trading at in some months. I looked and guess what? Steady as can be, in the $30-$32 range.Add covered calls, just OTM at say $32 or $33 about 2-3 months out, and you have a nice income stream along with the dividend.Watching paint dry is indeed dull, but you can still make money off of it.