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No. of Recommendations: 1
I went ahead and bought those 20 shares of CLP yesterday (to get the dividend), at $40.24. The price ended up drifting lower by another 56 cents afterward, but is back up a bit so far this morning.

So far, my purchase is off to a rousing start, down 2%; but I expected that, given the recent unsettling news. However, as long as management doesn't go back on its word to maintain the dividend, I won't worry about the share price too much. Sure, they may not increase their dividend angain anytime soon, but how many other high-quality REITs are paying 6.75% at the moment (or anytime soon)? (Not to mention that I'm still getting 8% on my original CLP purchase--7.2% overall)

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