09-25-2015, 12:37 AM
(09-24-2015, 05:03 PM)Rasec Wrote: ... Dow is selling their "chlorine division" (whatever that means) to Olin (OLN), a company I had never heard about but pays an interesting dividend.
Olin is a cyclical chemical company (that also makes Winchester ammunition) that's pretty steady for their industry but so is their dividend. It's been $0.20 per quarter for at least 12 years that I can recall.
When the stock price is low, the dividend yield is pretty good. To their credit, when business is bad, they continue to pay the dividend. The yield is about 4.5% now but you won't see it grow.
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“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan
“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan