I don't want to be confrontational. Lord knows, enough of that goes on on other boards. And I'm sure we all recognize what a great stock VGR is. Thing is, everything has been rendered moot by another ,40 div today.
Why? I have held VGR for years. The div has always been 1.60, with a 5% stock addition in September. Your proposed increase means 8 cents. Big deal.
initiated a position in VGR years ago when the div yield was double digits. Kept adding to it over time until now it is my largest holding. In the long run it has never disappointed.
Since the June x-div, the pps has gone up 1,50, we've gotten .80 in cash, and a 5% stock div. Altogether, not all that bad.
Not a good sign. Sounds like it's going to repeat the story of FREE, which has had about 5 R/Ss in the last 2 years or so, and then immediately plummetd again.
As with many people, I have gotten killed on this stock. Buy!?! I just wish it could get to 6 or 7 so I can sell and have some capital.
People have been speculating about a REIT spin off on this board for a long time. Don't think it's likely. VGR likes the cash the RE side brings in.
Stock splits don't have the cachet they once had with investors. If they did 3M would havelikey gone for it when the pps was higher. And it's a zero-sum game, anyway.
Usual BS. Stock runs up before the news, then the traders sell it off. F is so manipulated its pps will never match the company's success. Small wonder people believe the whole market is rigged.
Vape shops are opening up all over the place, where you can buy all the equipment and juice at a lot less that than the pre-manufactured cartridges. I would think they'd offer big competition to the cigarette companies producing their own products.
Strictly speaking, it isn't a bank account. But, I am speaking about the difference in returns. Negatives are possible, which is why you invest what you think you may ultimately lose. But if you do your do diligence, things should work out in the long term. As they have for me and VGR.
You sacrifice the FDIC and pennies in interest, for a position which has proven strong for years.