Yep, and they keep ramping up that dividend that’s paid out, making it even more alluring in these low-yielding times. It can be a great place for large institutions to store cash and “camp out” while they await the rest of the correction and recovery. Institutions love a pretty-much-guaranteed high dividend yield. They’re making almost 6% each year for doing nothing. So any eventual stock appreciation just makes it all that much sweeter to them.
I could have put that chart in the newsletter, but it was already chart-heavy.
Yep, glad to see that dividend coming in the near-term. Will pay out on 12/10, so that will be a good early Christmas present. ha-ha.