FB has a point. Buying stocks like PBG "for the dividend" is an...

FB has a point. Buying stocks like PBG "for the dividend" is an asenine strategy and one to which I am unfortunately addicted.

I bought some at 70 "for the dividend", some more at 65, more at 60, more at 55, and more at 50. With each step I've lost more than a year's worth of dividends, and done so in a few weeks. Even if PBG bumbles along for a full five years without missing or dropping their dividend, it will take a full five years of dividends to recover the loss on the initial purchase.

The point is the volatility of a share where there is any uncertainty over the dividend way outways the dividend, to the extent that the dividend is really just a distraction which should be ignored.

I'm lecturing myself rather than you Antman - I'm sure you know what you are doing.