01-08-2015, 09:29 AM
I would never by a stock at 16% yield. Mr Market is very good at keeping sustainable companies well under 6%.
There's a reason it's 16%. As an example Tesco Plc was 12% at the middle of last year, a month or so later it cut it's dividend by 75% then today totally.
There's a reason it's 16%. As an example Tesco Plc was 12% at the middle of last year, a month or so later it cut it's dividend by 75% then today totally.