"FOOLS GOLD"...HIGH DIVIDENDS...YUK!!As anticipated.........COS cut the dividend by a massive amount today to relect the (again) massive drop in crude prices. There will be lots more divvy cuts to follow.....no.....I do not short anythng as I am not a sophisticated investor.....but sadly, I do hold some CVE, SU and WCP...so I will, no doubt be feeling the pain along with you COS investors.
Take a breath and have a serious look at some quality REIT's along with a few utility stocks.
e.g............REI.UN....HR.UN...AP.UN...ok...you choose some more
e.g............FTS...CU...EMA....or if you like the U.S. side....then try some SE and DUK....
My moral to my story............one who gets to roboust or enthused with the dividends and yields.....will get scalded!!!
Disclosure.....I do hold some of the above mentioned equities...but not all....
J.M.H.O.
BEST..............SHUMBA