My plan in 2009 is to hold companies that pay fat dividends. Even if the market is flat, I still get a payout. I just found a canadian oil/gas company that is paying over $3.00 per year in dividends, called Penn West Energy Trust(NYSE: PWE). If the ecomony recovers, all the better because oil/gas will go up in price.
Good plan, I think. PWE has been a long hold for me, we'll be rewarded when oil recovers. In the mean time, adding low priced shares every month works just fine for me. Low prices are going to make for future shortages.
The dividend is fat, but I don't see how it can maintained for long if the price of oil stays where it is, currently. Although, with the ME in turmoil, oil may be starting the move back up.
Alternative energy development, needs higher oil prices, too. |
