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Prudent Capitalist

12/07/20 12:35 PM

#1093 RE: Myth #1092

Agree. One to hold for the long term and continue to automatically reinvest all dividends in new shares. Even with the reduction in the quarterly distribution the yield is still 8.8%, which is very high. And, in time ET will probably move that back up, but IMO it was not necessary and did not make sense to keep the yield up in the 20% area.