TSX:STB.DB.A - Post by User
Post by
righand2on Oct 12, 2015 11:53am
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Post# 24184587
10% dividend
10% dividend
Even if I never make a penny of capital gain on this stock, that is an exceptional level of income when you consider the alternative is to put the money in the bank for 1% interest, fully taxable interest.
But I expect the yield to drop to the 8% range, which would bring the share price back above $7. That would be a 20% capital gain on top of the 10% dividend. Not too shabby.