TSX:TNT.UN - Post by User
Comment by
pandscaon Mar 21, 2023 3:27pm
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Post# 35351979
RE:RE:RE:Over 600,000 units bought by insiders past two days
RE:RE:RE:Over 600,000 units bought by insiders past two days As much as I hated seeing my stock value drop about $90,000 over 2 TFSA accounts, I'd prefer they cut the DIV than go under.
The stock price will eventually (like in about 2 to 5 years) recover (I hope), but the DIV % will shrink as that stock price recovers unless they incrementally increase the DIV (which I'm sure we all hope) to maintain the 8+% level. Because of this, I'm now investing my TNT DIVs in INO to help my TFSA payouts recover. INO recently cut their DIV in half and (fingures crossed) aren't expected to cut again for some time.
I've also, or course, got lots of non DIV stocks in other sectors that are slowly crawling back up from lows this year. I'll sell those off and diversify my portfolio further seeking more DIVs in other sectors as I had never meant to hold those stocks for more than 10 years anyhow.
GTLA with TNT.
Stay long or hold and you should survive this recent catastrophy.