Table Takeaways

I wrote earlier this year that GAIN lives between $9 and $12, so I’m expecting a slow and gradual depreciation of this stock over the next six months. I only DRIP this stock (meaning I don’t invest any other cash into it), so I hope my theory comes to fruition. Historically, I do not purchase dividend stocks yielding under 7% for my monthly portfolio, so I don’t like to see GAIN trading over $11.50 for long periods of time. I hope they fall back into line after a great run up in price that will cause a gradual sell-off so my perpetual DRIP can buy me some quality shares.

I also wrote last month about my speculative feelings on the Q2 dividend announcement, which has now passed. Theory #2 was the winner, which is exactly what I wanted. Per usual, this stock always comes through for me. I will GLADly take a special dividend in the 2019 environment, but I do hope the price pulls back over the next month so I’m not reinvesting at this stock’s 52 week high. However, I think it is worth the DRIP, if the market continues to rally, the upside potential for GAIN is endless.