InvestorsHub Logo
Replies to #1530 on Dividends

bar1080

07/19/18 11:06 PM

#1531 RE: fung_derf #1530

Shhh, you're going to ruin a fantasy. I have a CEF that recently started paying a "managed distribution" of 6% which means that If the CEF falls short -- as often happens -- it simply pays shareholders their own money or borrows it. Oddly that scheme makes some shareholders happy. Appropriately that CEF has almost always been deeply discounted.

BTW, I own BRK-B, as of last week. Last time Buffett paid a div was 1967... and he earned it.