Hello,
I have $60,000 in my Scottrade account. If I were to buy $120,000 worth of CXW ($60,000 on margin), would it make sense assuming CXW performs as well as it's supposed to perform?
Scottrade's rate for $60,000 is 7.25% which comes out to $4,350 a year. CXW announced a $0.42 (5.16% yield) which would make the annualized dividend a bit over $5,600.
Is there something I'm missing here? seems like a good play, but I feel like I might be overlooking something.
Thank you guys in advance.
Submitted February 25, 2017 at 09:58PM by vMaar http://ift.tt/2lStUst
