After a week of research, I have picked a stock for its dividend. From history trends, dividend yield for the stock is more than 5%. Hope I can get it tomorrow.
The reason for going for stocks with consistent high dividend distribution is because I believe a company capable in giving high and consistent dividends is likely to have a long-term sustained growth strategy and good management. Going for fundamentals is the right way to go. Playing catch-up with ups-and-downs using technical analysis is bad for the weak hearted.
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