is a beaten down stock that currently yields 3.64% (Pretty good). By no means, am I calling this "a bottom" because the stock has been deeply sold and I don't see any moving average or candlestick
to say we are even near a bottom. However, the stock is at the 200 monthly average (this is good for first time buyers like me :P) as I am paying an "average price" of the stock and not over paying long-term. Secondly, even though the stock is underperforming, I get to buy it at a huge discount 42% discount from the all time highs. Third, the payout ratio is well below 37% which means the company can at this time afford to pay the dividend and oh by the way, they just raised their dividend (Yay! for longterm investors). So essentially, I get to buy a beaten down stock with 13 years of consistent dividend growth that the company can afford to pay and I get it at a big discount. Continue to follow me here at tradingview. Comment if you wish and I'll be friendly.
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