Friday's close at $27.82.
EEQ split 2 for 1 on 4/25/11 at $28.29 (post split). Just no growth here. The 7% dividend is the only reason to stay. Total return has been whimpy at best without price appreciation. This is an income stock.
Like marrying a woman who is a good cook, no reason to leave.
Agree. Kinder Morgan tends to run with the tide on commodities, whether rightly or wrongly.
Since these are dividend stocks, the pull backs present buying opportunities. The yield is sweetened by the price pressure from the commodities sell offs.
Usually a sell off just after ex-div. Could drop to $27.50, that is a buy.
Although sometimes there is a drop just before ex-div, in which case you can buy the dividend at a good price.
Added some today at 74.50. 7%+ yield with $10-$12 price appreciation possible, hard to sit on the sideline.
My last add was at $55 two years ago. A month and 1/2 until ex-div. Insider buying. Lot of positives.