Playing The Market For Income
For many income investors, the ideal stock is one that pays dividends regularly and offers a high yield in proportion to its price. The investor for income is in good company. For 16 years—from 1942 through 1957—the common-stock dividends paid out by companies listed on the New York Stock Exchange showed an increase over the year before. Investment for income is generally a long-term proposition. It implies stability. (Although 100 shares of a stock paying $3 would produce $50 more income annually than one paying $2.50, it would take more than a year to rationalize the commissions and taxes paid to sell the latter and buy the former).











