No volatility is the friend of the trader, not investor. Massive volatility is not good for the dividend investor. And where did I say it wasn't a dividend stock so how does that make me wrong? Personally for my dividend stocks I prefer the share price action of MFG from 10 years ago to 2.5 years ago than from 2.5 years to now. But maybe that's just me.
What is over-paying for a dividend stream? Only hindsight tells you that. For a stable dividend stock, the dividend often drives the share price (equilibrium).
It's not a matter of whether MFG will be spewing dividends for years to come, it's low volatility that guarantees return on investment that interests dividend-inclined investors. Last couple of years it's been acting like a speculative stock.
Saying all that, if it can maintain the cents per share in dividends, its current shareprice looks like good value. A drop from $50 to $18 in a short time has to make you wonder what the general market doesn't know.
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No volatility is the friend of the trader, not investor. Massive...
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Last
$9.95 |
Change
-0.070(0.70%) |
Mkt cap ! $1.779B |
Open | High | Low | Value | Volume |
$10.04 | $10.13 | $9.92 | $3.725M | 372.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2494 | $9.95 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$10.00 | 45242 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 758 | 9.890 |
1 | 1400 | 9.720 |
1 | 750 | 9.700 |
1 | 105 | 9.600 |
2 | 309 | 9.550 |
Price($) | Vol. | No. |
---|---|---|
10.000 | 500 | 1 |
10.080 | 481 | 1 |
10.100 | 4700 | 1 |
10.150 | 4677 | 3 |
10.180 | 3500 | 1 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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MFG (ASX) Chart |