05-25-2022, 01:35 PM
(05-25-2022, 01:17 PM)Main Street Stock Investor Wrote: Thanks for commenting. Just curious why you like CP, divmenow. The CP dividend is pretty low (0.86% vs. 2.14% for NSC) and the rail stocks have pretty much moved in tandem over the past 5 years, however, both provide dividend and trading income potential so all is good. Can't say much on the retail stocks as WMT is my only retail stock. Do you periodically trade as well?
I'm not in CP for the dividend. I'm in because it's one of the best run rails in the industry. It paid a much higher dividend but it just came off a 5-1 stock split this year so the that's why the dividend is low now. But I look for them to raise it.
NSC is a great stock as well. I own it an an average price of $73 so I wont be adding at these levels lol
Yes I trade as well. I have an account just for that. But I try not to touch my dividend payers. I do trim to add to new names when they become bargains
Like yesterday bought PRU. To me its one the best buys in the market. Yield now 4.6%