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Old 10-29-2019, 12:00 PM
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dewilson58 dewilson58 is offline
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Quote:
Originally Posted by Chatbrat View Post
A person had mentioned that they get 6%, I have a big investment in Gabelli Utility Trust (GUT) it pays close 8% and the dividends are based on 12 month payments, but a really big benefit is it you reinvest dividends, you get a 5% market price discount--close to 13% (total)--have this stock over 25 years--double your investment close to every 7 years



Right, Wrong or Indifferent............I've looked at some Utility Stocks as a bond investment because of their dividend history. Sometimes not a lot of price growth, just good payment history.


GUT has a good track record...........and yes, 6% is do'able.
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