20c divvy next year 6% yield gives a sp of $3.67
24c divvy next year 6% yield gives a sp of $4
30c divvy next year 6% yield gives a sp of $5
and just for fun 36c divvy next year 6% yield gives a sp of $6.
CDP is once again about to become a cash cow. At $3 you are locking in a potential yield of 8 to 9% for many years to come which is absurd in a near zero interest rate environment.
CDP is my number one so-called "reopening trade" in terms of risk and reward.
Now buying this on any weakness.
20c divvy next year 6% yield gives a sp of $3.67 24c divvy next...
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