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Strategies & Market Trends : Dividend investing for retirement

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To: E_K_S who wrote (21876)3/21/2015 8:56:20 PM
From: E_K_S  Read Replies (1) of 34328
 
Security National Financial Corp. (SNFCA)

Upped my position in this 5% stock div payer by 30%. Seems like a safe place to hide, earn a 5% stock dividend at the end of the year too. Book Value at $7.35/share reflecting the hidden value in their real estate (Cemetery plots). Company is selling around 11 PE. I have a price target of $8.00/share especially if they can get their insurance and mortgage business back to 2013 levels. The company had some problems w/ their mortgage division but that is in the past, litigation resolved and now have a clean slate.

Position still small but w/ many other stocks at/near all time highs, this one seems like it has yet to be discovered and/or would be a good place to hide during a market sell off.

EKS
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