Stephen A. Lawrence
Sat, 19 Apr 2008 19:49:46 -0700
R C Macaulay wrote:
A share of stock.. any stock is only worth what you can sell it for. It used to have some relationship with a company's net worth and/or assets and keyed to the dividend paid each year. NO MORE.. few dividends are paid out anymore
FYI:Median dividend yield for all stocks covered by Fidelity's online brokerage this evening is listed as 3.14%.
Fidelity's stock screen finds 1085 stocks paying 5% or greater.It finds 489 stocks paying dividends of 8% or greater, and 299 are available paying 10% or greater dividend yields.
Not bad, considering that savings account interest rates are in the ballpark of 3% just now.