10-10-2014, 12:01 PM
I figure the dividend is safe and is likely to grow at a 2-4% rate going forward. With a current yield of 5.3% and reinvestment of dividends, I believe I can get a yield on cost of over 10% within 10 years with little risk to capital.
Its not likely a stock that will give you huge capital gains over the years, but its a great cornerstone to a dividend growth portfolio.
Its not likely a stock that will give you huge capital gains over the years, but its a great cornerstone to a dividend growth portfolio.