07-24-2019, 10:54 AM
(07-24-2019, 10:43 AM)Binary Wrote:(07-24-2019, 10:21 AM)divmenow Wrote: Added to FDX and WFC today.
Love UPS today up $9. I had a good feeling about that one lol
I am also looking at WFC since a while. Record entry yield, but I'm kind of discouraged about their dividend cuts during bad times. Wondering how safe is the dividend...
BAC, C, and JPM all had massive dividend cuts during the financial crisis. Not sure how WFC is any different from the rest.
Outside of banking/financial crises, which are mercifully rare, banks are usually safe harbors during most downturns and recessions. Stock price may be volatile during such periods, but most stocks are volatile then. Bank capital requirements are stronger today than they were a decade ago, and the likelihood of the next downturn being a carbon copy of the last is pretty low.