But even so, our dividend is still considerably higher than our peers . But it doesn t really concern us, because one thing we don t want to do is chase yield. Back in August the Fed raised interest rates a quarter of a point. I think it s hard to come out on the lower side. It s very easy to say there is going to be more inflation.
Energy prices are a lot higher today.
Paper prices are higher. And there are not enough workers, given how our economy is doing. I m surprised wage rates haven t increased dramatically. To me, the risk is that we ll have some inflationary increase six months from now. That would suggest to me slightly higher interest rates, as opposed to lower rates.