Post by
DeanEdmonton on Aug 01, 2023 1:48pm
My Average Cost on TRP is $37.02
I have held this stock for a very long time, and even with thise dip, cost base is below current share price. At these reduced levels, more shares for your dividends that are re-invested. Current divdend yields 10% on my cost base and has grown nicely over the years. Means ondivdend alone my investment doubles every 7 years.
This seems like a pretty good buying opprtunity anywhere from 45-48 bucks. I really don't see them cutting the dividend, it would fly in the face of the guidance they just provided about dividend growth. This sell down is way over blown and while it may not be back to 60 bucks soon, it is still a solid holding, paying a secure dividend.
Comment by
Red_Deer on Aug 02, 2023 5:59am
Hey DeanEdmonton__Looks like I HAVE BEEN into TRP a LOT Longer than You Been into TRP Since Early 2000 when it Got HAMMERED by a Dividend CUT Thus with an AVERAGE COST of $10.53__That Makes for a Current Yield of Almost 36 %% Making TRP my HIGHEST Yielding holding in my Top 5 BUY & HOLD Holdings.