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I was wondering if there is ever a smart time to not reinvest the dividend payouts into that same company.

Here is my particular example in question.

I own shares of MMM which are currently trading around $235. MMM has a dividend yield of 2.3%

I also own other stocks that are much cheaper like F or T. For example, T trades around $35 currently, but has a dividend yield of 5%.

My question is this. Should I take the larger dividend payouts from MMM and use that to buy more shares of T, or keep reinvesting them back into MMM and only buy small fractions of MMM?

Thanks!



Submitted February 23, 2018 at 11:53AM by meltedcactus http://ift.tt/2ENLnwS

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