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.
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.
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
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.