Jun. 30 at 1:06 PM
$STRD If you're going to take a risk owning
$STRD for the 10% dividend, be aware that it issues a ROC, not an actual dividend. This is advantageous in the short term because it doesn't get taxes - your 10% dividendend compares favorably to a higher taxed dividend. The flipside is that you're reducing the cost basis of your purchase, which means you'll need to recognize more profit on a sale.
Personally I think that's a great deal - if amounts become significant then its smart to time a sale with offsetting losses.
For reference a similar ROC returning stock is
$ET, in the midstream sector.
