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Doing some research I noticed that Wendy's recently doubled there quarterly dividend from 12.5 cents to 25 cents a share. Giving its stock an attractive 4.5 % yield
Looking at the stock price I noticed that the stock price hasn't moved that much in the past 5 years but when I look at there outstanding shares they've been going down quite drastically over the years.
I would love to hear everyone else opinions I've only been investing for the past 5 years trying to diversify my portfolio.
My goal is to hold it for the next 5-10 years with the drip turned on.
Is this a dividend trap? Thank you, you have no idea how much I appreciate your guys input
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- 1 year ago
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