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Strategies & Market Trends : Dividend investing for retirement

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To: Triffin who wrote (11555)4/20/2012 3:03:33 PM
From: chowder  Read Replies (2) of 34328
 
It's good to see PNY coming down, even though I own it. The price has been sky high. Earnings won't justify it. I've been wanting to add to it, but not at the price it has been trading at. I have been reinvesting the dividends though.

I wanted to add PNY to my Son's portfolio, but I need price to come down further. I'd like a yield between 4.5% and 5%.

PNY offers a 5% discount on share price when you reinvest the dividends. Since my Son has 35-40 years to work with, that extra 5% incentive could add up to a good sum of money.

I don't own AFL. I just noticed today how much it had pulled back. I'm surprised. I don't follow it, so I don't know why it's falling. If I were going to add another insurance firm, it would be AFL at the right price though.
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