stink726

15 High Dividend Stocks: Are These Yields Sustainable?

otctrader - Thanks for the info and explanation.

15 High Dividend Stocks: Are These Yields Sustainable?

mbkelly75 - I'm confused over the concept of having zero cost basis; maybe you can help me understand it. As an example, if I'd bought 1000 shares of GE at $6.00 and sold 500 at $12.00, I would have reported a sale of $6000 on my tax form with a basis [500 shs times $6.00] of $3000. The remaining shares still have a basis of $6.00 per share, don't they?


On Oct 07 10:32 AM mbkelly75 wrote:

> You might keep in mind that when a solid company (GE is a good example)
> cuts it's dividend - it can be a wonderful time to buy it right after
> it takes the almost guaranteed price drop in it's share price. GE
> dropped hugely - and their only reason for the drop was to maintain
> the company's good health. I bought it around $6 (with even it's
> lowered dividend around 9%) and sold enough of the shares to pay
> all my costs and expenses around $12 and ended up with the shares
> left over being zero cost-basis (free) shares. They will not be in
> my core portfolio again until they have had 5+ years of raising that
> dividend again - but I still have a great stock paying an outstanding
> dividend in my exploration portfolio no matter what happens from
> here.