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re: Looking to Expand my Dividend Portfolio
Posted on 1/11/24 at 6:46 am to wiltznucs
Posted on 1/11/24 at 6:46 am to wiltznucs
quote:
MO has raised their dividend annually for almost 4 decades.
Is this accurate? Wasn't MO spun off around 20 years ago from a prior entity that was a global tobacco manufacturer, whereas MO has been domestic for the past 20 years.
I dumped MO recently as the stock price depreciation mitigated the dividends. I don't know how safe a 10% yield is. I'd much rather hold PM than MO.
1
Posted on 1/11/24 at 8:36 am to 632627
Yes, you’re correct. I’ve owned both. Initially I got in PM from the high 80s to the mid 90s. I collected the divs and sold covered calls for awhile, then let it be called away in the low 100s.
More recently, they’ve both been sold off by roughly the same percentage. And while I agree that one should definitely not chase dividends, I haven’t seen that MO’s is unsustainable given its cashflow.
More recently, they’ve both been sold off by roughly the same percentage. And while I agree that one should definitely not chase dividends, I haven’t seen that MO’s is unsustainable given its cashflow.
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