Yes, you are correct in the fact that after World War II, the main competitors of the U.S. was in shambles.
Japan and Western Europe was in ruins, China was going through a revolution, and India was winning it's independence.
We have seen that low taxes do not stimulate the economy, take a good look at Ireland.
I know you're going to say that Reagonomics contributed to the boom in the 1980's to early 2000's. I would argue that the economic boom came sole from demographics. Baby boomers first entered the job market in the 1970's, leading to massive inflation, since new workers cost a lot and produce little.
In the 1980's, they became seasoned worker and contributed greatly. That combined with the new innovations lead to the booming economy.
The only thing low taxes accomplished was allowing the wealthy to become richer and large companies to grow larger (buyouts)...
I find it disgusting that you would say retirees would be crippled by high taxes. Your amigos in congress are trying to take away basic medical care from my generation.
I have my own business and I pay double for SS and Medicare, so I better get my medicare when I turn 65. I won't let you budget morons take it away from me.
Low taxes and low spending indeed.
Let them lower the ratings.
The profits are coming in because of the spread, not because of the analysts' crystal-ball polishing.
If the stock price goes down, the yield goes up.
I guarantee that $5.60/year salary for owning a share is talking louder than Zacks is.
Dividend is paid in Confederate dollars left over from 1865. They're pretty rare, so collectors will pay much more than face value. That increases the dividend rate even more than 20% .... all the way up to 100%.
Not relevant to the original question. In fact, lowering of the rating (whether or not you think Zack's call was good or bad) would have the effect of lower share price. An unchanged dividend would then INCREASE the dividend ROI, raising the questioner's concern even more.
Oddly, that main reason that the yield is so high, is because management has a cap on PPS around $30. Without so many SPO's in the last year+, this might be trading around $40, giving a much lower yield.
Oh, and a bunch of other reasons...you get to read the board to find em :)