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Strategies & Market Trends : Dividend investing for retirement
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To: Suma who wrote (6160)10/21/2010 7:05:19 PM
From: chowder  Read Replies (2) of 34328
 
I saw the CEO of FTR in an interview on Mad Money about a week ago. She said that FTR's dividend was safe. She said the company was committed to being a high yielding company. She also said that they probably wouldn't be raising the dividend for the next two years, but after that, she expects to start raising it again.

The next two years will show them upgrading the properties received from VZ.

Based on her stated conviction to hold the dividend steady and then continue raising it in the future, I added to my position.

With a current yield of 9%, I can tolerate two years of steady dividend payments, especially when the CEO says that FTR is committed to being a high yielding company.
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