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.
