globalHOBBIT

3 Dividend Aristocrats in Danger of Losing Their Status

Nothing is safe anymore in the dividend world. I purposely bought closed end funds the were less than a year old, did not use leverage and used 'dividend capture' strategies and they were all well invested in both mix of company and globally. I bought around five of them at prices the were from 50% - 60% from their highs, which were in this case the IPO prices. The first one was AWP [Alpine Global Premier Properties] which I paid around 7$ for (down from $20) with a $1.52 div. That dividend was cut the other day by 75% to around .40 cents a year. I'm retired and cannot afford to take that kind of beating especially since the manager said in a Sept conference call that the div was safe and he couldn't see any reason why it couldn't even be raised in 2009. Nothing is safe unless you're a friend on Paulson. As a republican I can say I dislike both Bush & Paulson. I hate the Cerberus Capital is getting taxpayer money because its boss is a man named Snow who was Bushes Sec of the Treasury before Paulson and former VP Dan Quayle.AIG and the banks take our money but won't tell us what they are doing with it and the politicians, both Democrats & Republicans find that just swell! These are the starting incident that I can foresee the 1960's street rioting happening again. We the people are tired of being treated like insects by the rich, the politicians and the lobbyists. Enough is Enough!