Thread regarding ExxonMobil Corp. layoffs

Dividend Investors: Intelligent Prophets or Parasites?

I'm well aware I work for a - what is it called - Troglidyte Dividend company.
Has always Risen - for the past 140 years - even if with borrowed money.

Several years - over a dozen - and it took just this long to realize that I essentially work for the dividends. And that the dividends work against me.
They close down or reduce my benefits, can't even count the ways at this point. They reduce my salary over time. At a dozen plus years, my time is already designed to be done!

The returns of the EM dividend were better when stock was at 50. Almost 10% annual.
But 5% is still good. For the barstool buffetts as well as tapeworms.

I'm just not good with it anymore.

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Post ID: @OP+1implO5F

2 replies (most recent on top)

When I realized the executives will sc--w the employees to keep the dividend going, I figured I might as well take advantage of this greed. I didn’t buy it at the lowest price in 2020, but 8% yield on cost is not bad compared to bonds and the stock appreciation so far has been a nice bonus (unlike the company that give terrible raises to most employees the last few years).

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Post ID: @1jtm+1implO5F

Better places to park your money for dividends these days, when the bottom falls out on oil, the stock price will drop like a rock.

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Post ID: @1hgg+1implO5F

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