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I invest mainly but not entirely for dividends. Of my stocks year over year (Mar 08-Mar 09), 12 increased their dividend, 8 kept it unchanged, 4 cut it, and another 1 cut it so small that it amounts to an elimination. All the cuts save 2 were by stocks that I bought as speculations, not as dividend income stocks.
I was fortunate to hold only one financial company, but it did cut the heck out of its dividend.
Of the 8 unchanged, five are oil and gas producers or drillers, which to my knowledge have never either raised or lowered their insignificant dividend. These stocks are basically poker chips.
My goal is to live from the portfolio dividends and occasionally cash out some of the poker chips/specs.
Ha
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Above all, humans are political animals.
Nota bene: I am either a moron or an idiot. So don't pay any attention to anything I say or you are one too. Please consult your financial advisor, astrologer or proctologist for whatever it may be that you are seeking.
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