Where can you earn 6% on your cash these days?
The INGPrime Rate Trust (PPR) is one such source of income. The Trust specializes in short term loans to major corporations and trades in a range of $5.40 - $5.60 per share. It has spiked up to over $6 a few months ago and fell recently down to below $5. Now it is back within its normal track of around $5.50
Declaration: The author owns Stock of PPR within his portfolio.
I have this stock within my portfolio for its income potential. The stock pays a dividend monthly and is therefore more like a Bond than a Stock. Current dividends are around 3 cents per share. I have this stock as a long term hold and buy on any fall of the stock below its normal trading range.
At a whopping 6% return on average dividends this stock has maintained a good dividend throughout the past three years. I think you should maybe consider the investment if you think that it might fit in with your investing style.
The INGPrime Rate Trust (PPR) is one such source of income. The Trust specializes in short term loans to major corporations and trades in a range of $5.40 - $5.60 per share. It has spiked up to over $6 a few months ago and fell recently down to below $5. Now it is back within its normal track of around $5.50
Declaration: The author owns Stock of PPR within his portfolio.
I have this stock within my portfolio for its income potential. The stock pays a dividend monthly and is therefore more like a Bond than a Stock. Current dividends are around 3 cents per share. I have this stock as a long term hold and buy on any fall of the stock below its normal trading range.
At a whopping 6% return on average dividends this stock has maintained a good dividend throughout the past three years. I think you should maybe consider the investment if you think that it might fit in with your investing style.
No comments:
Post a Comment