It's been kind of a slow week for my investment accounts. Got a nice dividend from Reynolds American Inc. (RAI:NYSE). I'll be upping my stake in RAI with my next stock purchase. They currently pay a dividend of $3.60 per share, which represents a 6.12% return on their recent share price of $58.85. They have earnings per share of $4.16 and their P/E is 14.1. RAI is a long term holding in my regular stock portfolio.
Stock futures are pointing towards a lower open in the market this week, due mostly to concerns over U.S. jobs. So I'm not looking for any big moves this week. I just keep reminding myself that the longer the market languishes, the more time I have to accumulate bigger stakes in some great dividend stocks.
Monday, October 4, 2010
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