Sometimes it pays to be patient. CNR is at a all time low for the year, hitting a now 2.5% yield, which is 0.8% higher than the 10 year dividen average, which for this particular stock is the highest is has been in many years.
This is a low yield for some, but with the raises that CNR has been getting, the yield will be higher in the future and over the long term this will be yielding much more than other higher yielding stocks.
Remember, we don’t invest for the short term, but averaging for the long term success.
I’m am reminded in what I’m reading lately in Mastering The Market Cycle: Getting the Odds on Your Side by Howard Marks, that understanding the market cycle is key to successful investing.
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