(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.