3 ms·
18% yield is awesome. Care to reveal the name of the company ? If I were to take a guess, it would have to be Costco or AT&T
by pellucide 9y ago
18% yield is awesome. Care to reveal the name of the company ?
If I were to take a guess, it would have to be Costco or AT&T
- SyneRyder 9y agoEeek, that should have been 14%, not 18% (sorry, my mistake!). I'm in Australia, and the company is Wesfarmers (WES.AX), an Australian mining company that diversified into retail, bought the second-largest supermarket chain in Australia, and now 87% of their earnings comes from retail. I bought most of my shares at the very bottom when they did a capital raising at $13.50 (start of 2009). Today it pays $1.98 annual dividend per share. (Today's share price is $43.29). I've obviously cherry-picked my best example ;) But I also got close with JB Hi-Fi (JBH.AX), bought them at $10.24 in 2012, today it pays $1.09 annual dividend per share (so yielding 10.6% on the price I bought at, and the share price today is $25.65). I wrote more about my method in this HN comment a couple of years ago: https://news.ycombinator.com/item?id=10904190 https://news.ycombinator.com/item?id=10904190 Basically I look for stocks that are yielding 6 - 8%, check for a pattern of steadily growing dividends, and make sure it isn't suddenly high-yield because it's about to go bankrupt or in a dying industry. Hope that helps!