09-12-2021, 06:53 AM
(09-11-2021, 05:54 PM)fenders53 Wrote:(09-11-2021, 01:36 PM)bankerboy Wrote:Welcome to the forum bankerboy.(09-11-2021, 10:15 AM)ken-do-nim Wrote:(09-11-2021, 09:34 AM)bankerboy Wrote: I welcome a 5% or so downturn where you could find some well priced dividend payers for LT holds. Hard to get safe yield above 4% currently...
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ABBV is at 4.85% because it is sinking like a stone ... not sure what 'safe' really means though. I'm sure the dividend is safe, but the stock price, not so much. Personally, I'd advocate loading up on it now, but it could drop further.
Yep, safe is a relative term but I’m patient! Going to give it a few more weeks before I jump at anything.
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I think a little patience might be rewarded. ABBV is a beloved DGI stock so waiting for the last nickel of share price might not work out. It's a real short list of 4% yielders that are likely to grow. Big pharma shares are under pressure now. Same with most defensive stocks.
I tend to agree but believe there will be some market pullback as folks panic about inflation. I watched an economic presentation at a conference Friday and with the growth happening he didn’t seem to concerned about inflationary pressure being a longer term issue, just one of 6 months or less. The market tends to react to inflation negatively so let’s see what this week brings.
Really would like to see it drop to around 100, not sure it can sustain it’s dividend levels either over the long run.
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