BP is a fair to good medium term investment. It pays a very nice dividend. Oil prices are likely to increase and I believe BP's price will rise. Once this litigation stuff finally ends, which might take another year this could turn out to be a very decent investment. I am even on the price I bought in at and look forward to the dividends
I added another 100 shares on this recent dip. Getting over 5K a year now in T dividends, reinvest on the DRIP automatically. Long term, and I stress long term prospects are quite good.
I slowly add on these dips, 100 shares here, 100 shares there. Just under 3000 shares in my portfolio. Funny how $5k in dividends adds up over the years and starts to compound.
And where is your money invested? Oh right. You have to have money before you can invest it. My T dividends are just fine and I will likely add another few hundred shares on this dip in price. All goodness for the long term. You wannabees lookie loos, don't and will never understand what paper loss means. now run along and pretend somewhere else
It is purely at the discretion of the DOW board. They do such things frequently and for various reasons.
Oh and I add that since I hold T, the dividends are Qualified dividends and are taxed at a very low rate. I have just under 3,000 shares and the dividends are starting to compound significantly.
Well first of all the dividend did NOT cost a lot of money. I didn't sell anything. You can buy and sell if you want and hope you catch the highs and lows each time. And you can add trading fees, and incur capital gains tax on every little transaction. Some stocks are part of my core holding and I am quite content to quietly collect the dividends, reinvest them automatically for free. I add a few hundred shares now and then when the Share price dipgs.
Last month I sold some 46 covered calls. GSK promptly shot up a few dollars and past my strike price. I would prefer to keep the stock and I hope it goes back down to the 46 dollar level in the next few weeks
So the Mark to market losses NLY reported are really just an accounting thing? They really did have net income available to pay bills and dividends. I am not that skilled in reading that level of a company financial statement
If you mean can it be a qualified dividend? Yes, if you meet the normal qualified dividend requirement of owning the stock for 60 days prior to the ex dividend date.
I wasn't planning on selling and I haven't sold yet. I only sold covered calls and took that money up front. Now if GSK shoots up way past the strike price, I make a little less profit. And it is possible the option could be called out early this week because somebody wants to get the dividend. Covered calls about 75% of the time don't get exercised. Oh well. Maybe this one will. I might replace it with some BP, or FCX or just wait until after ex dividend run up and buy in again. I hold GSK in my Roth and Traditional IRA accounts so the buying and selling doesn't generate any paperwork or 1099 stuff
So the usual tug of war on the stock price as the ex div data approaches and the Options expiration date. I have some 46 strike price covered calls I sold. I bought in considerably lower than 46 so I am OK if I get called out early and have to sell as sometimes happens because people want the dividend.
Most here don't understand that sometimes investing for the long haul is the best thing to do. T price drops? Great. Reinvest the dividends for free and lower your cost basis. You can run around and chase investments, but a few core holdings should be kept. A short term rise or fall in a stock price can be meaningless in the long run