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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: ChanceIs who wrote (134479)6/10/2010 5:59:59 PM
From: chowder  Read Replies (1) of 206325
 
>>> it does not seem like a very prudent move to have $81 million of the Scottish Widows Investment Fund invested in BP. <<<

When the financial crisis hit the banks and they eliminated their dividends, along with many other companies, pension funds took larger positions in BP and other high yielding companies that were still paying their dividends.

The dividend field narrowed which made investing in them more risky. Dividends are on the rise again, although BP's is now in jeopardy.
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