RE:RE:RE:RE:RE:RE:RE:RE:@#$% My math is solid. Perhaps my terminology is confusing.
- 200,000 shares purchased at $1.00 per share = $200,000
- Monthly dividend is currently $0.0608 per share (my last post had an error as I was looking at 2024 total to date).
- $0.0608 x 200,000 = $12,160 per month
- $12,160 x 17 months = $206,720
The above is an example, as my earlier post was based on average cost and dividend return across multiple accounts. You can't deny that anyone that bought WCP in 2020, or 2021 for that matter is not doing well every month. With management's committment to returning funds to shareholders, the monthly dividend is set to rise further. So long as the price of oil and share price hold, it's a safe cash machine that takes practically zero effort. Buy low... collect the dividend... reinvest if commodity price holds... pay attention to what's going on in the market and the chart... sell high or as soon as the decline becomes apparent. Or... follow the latest market darling hyped by media and reap the whirlwind.
Personally I've never been able to predict the next big thing and have lost money when I've tried. I've also been reluctant to pay $100s for a stock as I prefer to buy in whole blocks. I'm also old school and believe in buying/selling stocks rather than ETFs. I'm also not trying to make a billion gillion dollars to buy yachts and mansions. I prefer to be discrete and need just enough to do what I want when I want, set my kids up for a solid future, and help a few others along the way.
Regardless good luck and all the best with your investments.
DivChase wrote: Except for your math on return from dividends in 15 months being 100% I agree with your other analysis.
you say I was late to the party. I bought this 10 years ago for Over 10$ and oil at 70$. Oil is almost 80$ today. this stock can't even crack 10 a decade later.
I just got fed up after A DECADE plus all the BS cronie responses to my valid simple query yesterday on this platform. Proved to me there is no real logic to keeping this company in my portfolio. Which is considerable,although WCP was my largest holding unfortunately . Was waiting for someone to reason why I should keep it. Isn't that a reason for this forum? Anyway too little too late. No hard feelings, good luck to all. WCP seems to be good on paper which is why I held it so long. Maybe a US listing could really be a help but I'm Not waiting.