RE:RE:RE:RE:RE:RE:RE:Thursday Morning SlaughterWhile I understand the natural desire to see a higher share price, if you bought to receive the dividend stream it is not that big a deal as long as you feel that conditions in the world are not going to lead to a dividend cut, and that still seems unlikely. Right now the low share price just means that if you are going to retire in the next few years and still need to set up or move your portfolio into a more revenue stream based portfolio then these prices are to your liking.
assuming that most baby boomers are now pretty much retired, then over the last few years they needed to move funds into divy stocks, pushing the prices higher and divy rates lower. Now if most have completed that process we will see two things. 1) a reduction in buying and 2) possibly more selling pressure as many retired people will need more monthly cash then their dividends will provide, so they must tap into principle slowly over the next 30 years. If the boomers kids are not yet able to soak up this extra selling then we will see downward pressure on good stocks that are not at risk of anything. This is actually good if you are late in the boomers cycle or born just after them.
just wait till they start dying and their kids start selling their boomer parents stocks stocks to fund vacations, new houses, estate taxes, splitting up of estate etc. Going to be some nice buys for those that are retiring at that time ( starting in about 5 years for about 10 years.)
in conclusion
stocks can be down because of issues in the company or because people need to sell for other reasons, you just need to determine which is happening here.