Just a quick post here before GE's earnings announcement. It's not often you get to buy a quality company with a 4.6% yield, based on the currrent $1.28 annual dividend payment and current price of $27.64. Nevertheless, GE has good prospects going forward.
Yes, there's some hiccups right now - if there weren't - the stock would be priced at >$45 with a sub 3% yield (like it has been for almost all of the past decade). You don't get to buy good solid companies at high yields very often. Stocks like these, with prices like this, are cornerstones of solid portfolio building.
No comments:
Post a Comment