Not all stocks are going down. Dividend stocks are stealthily rising – some of them, anyway. Investors apparently want to own companies that send them cheques every three months or so. Stocks that might pay dividends are also doing relatively well. You wonder why more companies don’t.
Take Mainstreet Equity, (MEQ-T) a real estate concern out of Calgary that focuses on smaller rental properties. Buying back more stock isn’t really an option. CEO Bob Dhillon owns about 40 per cent of it and the float is already pretty thin. Mr. Dhillon doesn’t rule out a dividend, but he seems reluctant to go in that direction now (technically, it’s the board’s decision, but he’s chairman and major shareholder so he has veto power). He wants to acquire more properties when prices are low and financing is cheap. He says he can borrow five-year money for less than 3 per cent and prices are softening.
Source: Globe and Mail
Related Articles:
Building base for good dividend stock
Posted by D4L | Monday, August 30, 2010 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
~
Popular Posts Last 30 Days
-
If you're worried about inflation rearing its ugly head next year, you should probably worry about more likely catastrophes, such as bei...
-
When a company pays a dividend, it's a good thing for shareholders. When a company consistently pays a dividend every quarter, it's ...
-
As a relatively new blogger, the one thing that has stood out in my mind is the number of Canadian bloggers in the areas that I am most inte...
-
We screened our 24/7 Wall St. dividend equity research database and found 5 stocks that combined can generate over $3,000 of annual passive ...
-
The stock market has been on an upward path of late, with some of the most prominent stocks hitting astronomical highs. The dividend yield o...
-
My top financial goal is to eventually become financially independent. The foundation of my strategy is to make investments that produce an ...
-
Dividend growth stocks can be incredibly attractive investments if you crave recurring income. As these types of stocks raise their dividend...
-
In my opinion, there are three criteria investors should consider when evaluating a particular stock for their portfolio. The first is histo...
-
In this article, we discuss 5 best March dividend stocks to buy. If you want to read our detailed analysis of dividend capture strategy and ...
-
As the broader stock rally broadens to some of the more “boring” corners of the market, it’s the higher-yielding dividend plays that could s...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.