06-01-2022, 09:45 PM
(06-01-2022, 11:54 AM)ken-do-nim Wrote: % of Total Dividends is a cool figure. Wow, your top 3 account for 45%!
Well, I accumulated my initial stake in MO during the 2008 financial crisis. One of those buys was even for a starting yield of 8.74 percent -- under $15 per share. There were a lot of reasons to be scared at the time, but the company has done nothing but perform since. In that time, the dividend has grown from $1.19 per share to $3.60 per share. And that was fourteen years ago now, so that's a hell of a lot of reinvesting and growing, from a really high starting yield.
(Not to say that I don't still have my recently-voiced concerns about MO now, but just wanted to illustrate one of the ways my portfolio got so lopsided over the years.)