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Originally Posted by Beagle
Could it be with so many companies deferring or cancelling dividends this year with Covid and with interest rates at 100 year lows, that retired folks are flocking to the 8% tax free PIE dividends of this group as a way to increase their income. Classic set and forget and get 2% tax free dividend every quarter is extremely attractive !
Don't disagree with your general synopsis, but Í believe the 8% dividend is a bit misleading - Where the income earned by the company is less than 8%, then the dividend in my view is a partial repayment of capital
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