No. of Recommendations: 18
A couple of other ideas from the broken record department
Buy BRK and each quarter sell X% of however many shares you still have.
You could use X=1% per quarter. I estimate that for quarterly values up to 1.4% the real value of your holding, and the cash raised, will both still rise over time.
The real lesson here is not that Berkshire is the best pick of all, but that seeking a dividend yield per se rarely makes good sense.
Go for the best investment, first, aiming for the best long run real total return with the lowest risk of permanent loss of capital. If your best idea doesn't give the cash yield you want, sell some occasionally. This gives the cash you want, and a better portfolio.
For a more conventional notion:
Hershey at $186.50 has a dividend yield of 2.59%.
The dividend has risen 9.5%/year in the last 10 years. Value Line forecasts that it will actually rise 11%/year in the next 3-5 years, though it's unwise to simply believe them.
Jim
