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Re: Investing strategy...

By: Zimbler0 in 6TH POPE | Recommend this post (0)
Wed, 02 Aug 23 3:06 AM | 30 view(s)
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Msg. 44698 of 58598
(This msg. is a reply to 44697 by Zimbler0)

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Correction, that was 2007 when I started buying MKC.

And I made my last purchase in 2017.

Zim.




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Mad Poet Strikes Again.


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The above is a reply to the following message:
Re: Investing strategy...
By: Zimbler0
in 6TH POPE
Wed, 02 Aug 23 2:58 AM
Msg. 44697 of 58598

DD Nothing wrong with that...as long as you can ignore the real rate of inflation.


True that. My original thought was that the dividend increases would give me a hedge against inflation. Not nearly as good a hedge under 'bidenomics' though.

On the plus side, I have a nice little chunk of McCormick - who has averaged a 9% annual dividend increase for many years now. (For the record I started buying MKC back in 2001. It's worth about three times what I paid for it. The current dividend yield is about 1.7% . . . and my 'yield on dollars invested in it' is about 5.7%. I bought it in a 'Direct Stock Purchase Plan'.)

Zim.


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