I added to my position in Inter Pipeline Fund (IPL.UN) yesterday at $7.04, where is yielded 11.9%. This is close to Inter's 52 week low of $6.91, where it traded down to on October 10. Sporting a pay out ratio of around 60% of earnings, this is another company that is very economically resistant, has perhaps been unfairly sold off, and shouldn't have a problem withstanding a recession. I expect to hold Inter Pipeline through 2011 when it converts from an income trust structure into a regular dividend paying corporation.
How low can the DOW go?