02-22-2016, 10:06 PM
(This post was last modified: 02-22-2016, 10:14 PM by Dividendsrule.)
(02-22-2016, 09:45 PM)Roadmap2Retire Wrote: Well, we all knew this was coming..BHP Billiton slashes dividend by 74%
http://www.marketwatch.com/story/bhp-bil...2016-02-22
Yep...I actually may buy some tomorrow morning. I know commodities are frustrating to have in the portfolio these days, but in the 70s when stocks did badly and inflation was high, commodities went through the roof. I think it may be time to buy sooner or later.
EDIT: Actually, maybe not. I don't like variable dividends...I'll have to think on this (mgmt is saying 50% of fcf minimum for future dividends).