Post by
rockmstockm on Dec 02, 2024 9:48pm
Share price vs dividend
The dividend is now just over 2% annually.... the share price has to be cut in half to be worth purchasing.
Comment by
itsalie on Dec 03, 2024 10:46am
maybe time to look elsewhere then
Comment by
fasteddy0043 on Dec 04, 2024 3:37pm
Hopefully share price keeps moving up. Going to find lots of resistance as people in the stock for the dividend will be moving to higher dividend stocks as they reach breakeven
Comment by
rockmstockm on Dec 03, 2024 3:01pm
The share price would have been lifted by the high dividend. The company Share repurchases will just allow current holders to exit at current market value while it slowly sinks to a more reasonable yield.
Comment by
pierrelebel on Dec 03, 2024 3:44pm
"while it slowly sinks to a more reasonable yield." Really? Check the facts. Share price is UP since the dividend was reduced by 75%, not "sinking" lower. You need to understand NOT everything is about yield.
Comment by
rockmstockm on Dec 03, 2024 2:57pm
It's called hopium like opium the market rises short term hoping the company's self share purchases will make a difference. This stock will average below 7$ a year out and likely will see 5$ by next xmas