04-30-2020, 03:39 PM
(04-30-2020, 01:33 PM)kblake Wrote: I bought 2500 IVZ. Its the biggest position in any one stock.
They cut the dividend in half but I'm ok with a 7% yield. They will raise again once things get better.
With 2500 shares I'm generating $1500 a year in dividends. Nothing wrong with that.
I'm surprised no one else is taken advantage of these low prices.
The company has repurchased $973 million of its common shares. And It expects to utilize the remaining ~$227 million by the first quarter of 2021.
I have been buying IVZ off and on for a little bit. Nowhere near as large a purchase as you have made. Will most likely be buying some more on Monday as I will have my large MO dividends and a few others hit the account Friday after trading has ended.