Doc...
You can assure your walking buddy,Stick,that the divvys will only remain at 15% IF the share price stays where it is ..you can explain to your buddy,Stick, that if the divvy was fixed..as in a bond..then I wouldn't touch it with a 10 foot pole..and he is right if the percentage is FIXED...Explain the difference between fixed and floating dividends..
Pretty soon old stick will be on this board and as smart as we are..
As in most reits the dividend is set and floats up and down with the share price..I'm getting so tired of explaining how the percentage of the dividend varies with the share price and are INVERSELY PROPORTIONAL..so you can print this off and go and explain it to Stick ,the next time you go out walking with him..
You and Stick should attend Portee's investment and tax dodging seminars ...
Portee
Doc and his Spanish princess and his buddy Stick...
