Collecting a yield close to two times the 10-year US Treasury yield in today’s ultra-low interest rate environment is a good deal. Collecting it from the stock of a company that has survived scores of recessions and depressions, including the Great Depression, is a very good deal. It offers some sort of reassurance that the dividend won’t be cut or eliminated with the first economic slow-down.
165 Year Old Company Pays Investors 2.50% While Waiting For The Next Blockbuster Product
Forbes - 23 Jul 2016 23:43
Collecting a yield close to two times the 10-year US Treasury yield in today’s ultra-low interest rate environment is a good deal. Collecting it from the stock of a company that has survived scores of recessions and depressions, including the Great Depression, is a very good deal. It offers some sort of reassurance that the dividend won’t be cut or eliminated with the first economic slow-down.
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