Yeah, this is pure coincidence, but I think it proves the point that dividends are important in any market. Here’s a look at ONEOK (“one oak”) Partners, an energy Limited Partnership. Since it’s an LP it can foul up your tax reporting as the K-1 from the company will delay your 1040 filing. These securities are best held in an IRA.
As an aside, there were a couple of important insider buys recently. The CFO bought $150,000 worth of the stock, while the CEO bought $144,000. Our insider service, InsiderScore, summed those purchases up as, “top execs make first purchases in nearly a year.”
Here’s a brief description of the company.
Now, here’s the coincidental stuff, which I’ve highlighted. Notice that the dividend yield–on an annual basis, admittedly–leaves you whole.