Oh..... FYI -- I held 4000 shares this morning when I BOUGHT another 1000 shares for a total of 5000.....
And when it splits I'll own 10,000
I consider this a small position ($ wise) and would load the boat if it paid a bigger dividend. But the way I invest - for every small paying dividend - I own a corresponding higher risk / higher paying dividend play. So it's about balance. I don't want too much 2.6% stuff -- because then I have to buy more 7% stuff... (which I just did but it's another apartment complex LLC that will pay 7.69% pre-tax)
This is one of those stocks that you own for "account protection" - so we'll now call this a "protector" instead of a steady eddy. It will give you peace of mind and protection on the downside when everything has gone to hell in a hand basket and will pay a "decent" dividend while you wait for things to turn around. At these prices it only pays 2.6%... but that's almost DOUBLE the rate of the 10year government bond - and probably safer!
