I need a good yield and I have found nothing close to this stock. am I nuts to think this can sustain its current level of yield for another year or two? I need the dividends and any growth is a bonus. old and tired want to quit working and keep eating. pore
Everything I have read indicates that the yield should stay ok for awhile. Even if it decreases, it is a good yield. Read all the messages on this board and you get a balanced picture of both sides. But remember, October is always a bad month for stocks. REITS do tend to hold their value better, but they can be effected by a crash also. So if you are buying, I would spread it out over the month. Joe
"I need a good yield and I have found nothing close to this stock."
You would be taking on a gamble against rising LIBOR rates. For that you get the yield.
"am I nuts to think this can sustain its current level of yield for another year or two?"
YES! Unless you believe LIBOR rates won't increase over 2 years. Then you would be indulged in 'happyland" thinking! LOL!
"I need the dividends and any growth is a bonus.Old and tired want to quit working and keep eating."
Any dividend based on a commodity is not secured or guaranteed any growth of principle. But if you can slowly DCA into the issue and get in a DRiP you may be able to schmoo the cost basis. If your need is immediate you would need to be diligent and nimble and by all means use GTC Stop loss. EXpect some loss of principle(4-6%)over next quarter. Rate jitters.
My understanding is that even a rise in short-term rates is not a disaster, so long as it's gradual. There are other people here who know a lot more about this, of course. Maybe they'd care to provide an update.