Stock question --- input requested
Posted by
Will Hunting (aka Joemetz)
Jan 6 '14, 09:09
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I bought a stock that split off a REIT (GLPI). GLPI today announced a $11.85 dividend per share to comply with requirements for REITs to disperse 90% of their income.
I am looking for input on what to do as you can take the dividend in cash or in extra shares. Is there a preference? The off-shoot hasn't reported earnings so there's no true firm basis for valuation so I'd lean more toward the cash option.
I don't have many shares, but would you for a 6 week hold, try to procure more shares to maximize this dividend impact?
I know REIT's are taxed differently than normal dividends, but based on my income, that's negligible difference so any type of advice/thoughts would be appreciated.
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