Every time I look this up, I get generic advice about “looking for a payout that fits your portfolio” and phrasing like that.
But I don’t quite understand the actual functionality of stock yield.
Enbridge has a 6.85% yield, which means assuming the stock stays roughly the same, and the dividend stays roughly the same, I should receive back roughly 6.85% of my investment, right?
Ofcourse fluctuations happen, but in a perfect world, if a stock says X% yield, I should get X% back over a 1 year period, right? I’m just making sure.
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