Australia's largest stock trading and investment forum Australia's #1 stock forum

Its Over, page-23329

First 23329 Last

Share
Profile

Follow
PaddyMac33

289 Posts.

33

20/08/24

14:16

Post #: 75286666
Share

Originally posted by 1ronnie: ↑

...see what happens when you buy stocks purely for dividends.

...dividend seekers buy stocks for dividends. When they don't get it, the stock price tanks.

Yancoal directors have signalled they are serious about buying Anglo American’s Queensland coal mines by deciding to hoard the company’s $420 million half-year profit rather than pay dividends. Shares have opened 16.2 per cent lower at $5.83 following the decision.

Expand

So either they purchase additional mines and re-commence dividends after (with additional earnings), or miss out on purchasing and just announce a special dividend later on. Irrational selling today. I decided to buy in.
Upvote

0 Great analysis

Reply

Top Stories

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Making money: How many microcaps should be in an investor's portfolio?

There are more pages in this discussion • 895 more messages in this thread...

First 23329 Last