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Friedman Industries, Incorporated Message Board

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  • janusdealer janusdealer Jan 30, 2012 10:29 AM Flag

    divideds are useless, mkt discounts them.

    oh boy! another aspect not mentioned here is that dividends compound over time.
    the xom Ive held for years is not yielding about 20%. A microcap Ive held almost as long is paying close to75% of my purchase price.
    Retirement income for sure! And taxed at 15% too boot.
    BTW new investor to FRD.fwiw.

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    • I would have to agree with Janus as the dividend is yours, if the stock had a much larger float I would like a buyback but this is already way too small of company to attract many or to easily buy or sell in large quantities. I got in even though my concerns about liquidity were huge because of the dividend yield and the cash on hand that secured that dividend return and the fact they didnt have a lot of debt. I am interested in the income and should that stop I would have to liquidate a large position.

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