KPP currently pays an 11% yield. I bought i today. Their business is solid and we have a very low p/e here. This stock is not going to rocket overnight, but it's also not going to drop like a rock in a correction. If you buy KPP and hold it for a few years, the 11% dividend alone will eventually pay for your initial purchase!:D Any share price appreciation during while you hold is just icing on the cake. Great long term stock here.
It has been about 10 months since you bought. Do you still own it or increased your position? Do you plan to hang on for the long term?
I bought this stock 2 1/2 years ago with a cost bais of 24 and I have just kept collecting Great Dividends. This is a KEEPER!
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