Quote:
Originally Posted by spazzyfry123
No price locks that I understand. Buy-in is 15% less than the market average of the quarter. Annual dividends are paid in additional shares (which is effectively 5% of shares held).
Leading company in our respective industry with over a century of being in business. Stability seems almost certain. Math tells me to max it out and sell off after the dividend payout to then start it over again each year, but what’s the catch? That’s why I tossed 3% at it - see what happens after a couple quarters without risking too much. It can’t be that straightforward.
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Disappointing that it's an average and doesn't lock. Still could be good if the price is stable since you're getting it at a discount. I'd keep track of how you're trending by holding to the dividend payout since you could end up holding long enough that it eats into your 15% and dividend payout.