Here's another reason I love that good old dividend stream...
My account (the one I use for examples here) was DOWN 17 Grand today --- but after the closing bell ---- Terra Nitrogen (TNH) sent me a nice little check for NINE GRAND....
Part of the reason I was down 17K today was because TNH was trading off... ALL stocks trade down near equally to what they pay out in a dividend. We've touched on this earlier... but that's just the way it works. Obviously the company can't be worth as much when they're paying out... But that dividend was $4.53 per share today (I own 2000 shares) and the stock was "only" down at the close $2.73 == so I'm happy with that!!
This stock ain't for the faint of heart I can tell ya! It goes bonkers - it goes down double bonkers - next time you look it's up triple bonkers.... I'm telling ya it's a wild one!
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