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Update: Your “Boring” Bet Gets Acquired

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Just under a year ago, I recommended that you buy shares of the world's most boring stock. At the time, the stock market was acting choppy (much like now), but income stocks were actually holding up very well. So I recommended buying this commercial landlord as a way to get paid a fat 5.4% dividend every 90 days. The firm announced this morning that it had agreed to be purchased by Blackstone Property Partners in a deal worth a billion dollars. Shares are up 14% this afternoon as a result…

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