MDW1954 wrote:RVF,
I'm trying to HELP you, not criticise you. The current historic FTSE 100 yield is 3.8%, according to dividenddata.co.uk, and the forecast yield is currently 3.6% according to some figures from July. With the present Covid-19 situation, both figures seems high. 3IN's dividends will suffer only slightly from Covid-19, if it all. 3IN is higher yield, on any reasonable basis.
And yes, it's SHOULD have a dividend yield higher... and not MUST have a dividend yield higher...
MDW1954
As I pointed out in a now deleted reply on that thread the Rules in the Guidelines state a number of things following the word "should". These include the point on minimum yield, but also a restriction to ordinary shares not preference shares and a limitation to FTSE350 constituents. If somebody were to suggest buying a preference share on HYP-P I am 100% sure it would be deemed contrary to the Rules. I recently suggested buying a foreign share and was told the FTSE350 requirement made that off topic.
This really is a bit chaotic when the same instance of "should" means different things in different instances. Why not say "should" where there is some flexibilty and "must" where there is not? I think it would make life a lot easier for Mods.