Any guesses as to whether we hit 5% on the yield (50$ a share price). I would think this payout was somewhat thought out by the company so that they would not have to turn around and cut it within the next few quarters.
I didn't get it. Did CLF say they pay dividend on dollar amount or in percentage? I don't invest in dividend stock, div is just an extra bonus if stock go my way, what's the point of gaining 4% dividend when your stock lost value say 10% or 20%.
- When company say they pay 4%/sh, if stock is $100 you get $4 divy, if it drop to $50 then you get $2 divy. Unless the company say they pay $4/sh in divy that's 4% but if CLF drop to $50 then you get 8% in divy. I heard of dividend increase but didn't pay attention if the company pay in percentage or by dollar amount.
Obviously you don't get it. A dividend is a fixed $ per share payout/distribution. In our case $2.50/year paid quarterly. This said, it is attractive to dividend seekers as it is yielding in excess of 4% at the moment. As has been mentioned, however, is that a dividend is only as good as long as it is payable. Hopefully this is nothing more than a bear raid. The stock is super cheap and continues to get cheaper and now can be a value trap. I am long and though a bit underwater in my long term position, I like its prospects. My 0.02.