+- Dividend Growth Forum (https://DividendGrowthForum.com)
+-- Forum: Dividend Growth Investing (https://DividendGrowthForum.com/forumdisplay.php?fid=15)
+--- Forum: My Portfolio (https://DividendGrowthForum.com/forumdisplay.php?fid=14)
+--- Thread: D and DUK (/showthread.php?tid=2104)
D and DUK - rnsmth - 12-18-2021
I owned D and enjoyed 5 years of fast dividend growth (9% on the average, as I recall. I sold it on the news of the dividend cut.
I currently have a bit over a half weight position in DUK.
I am considering selling all the DUK I own (2.2% of portfolio) and replacing it with D.
DUK 5 year DGR is 3%, most recent was 2.1%.
D's most recent is 6%. Here is a bit from the Simply Safe Dividend note when D was upgraded back into the Safe range
"By focusing on its higher-growth utility businesses and clean energy investments, Dominion expects to deliver long-term earnings and dividend growth rates of 6.5% and 6%, respectively. "
Double the dividend growth, reasonably close to the same yield, DUK's is 3.82%, D's is 3.48%.
I think it would be a move that would strengthen our portfolios dividend growth, and move those dollars into the range of my goal of moving toward mid-yield companies with dividend growth in the average to very fast range - 5% to 12%+.
RE: D and DUK - rnsmth - 12-20-2021
Executed my plan this morning, sold all DUK, replaced with D
RE: D and DUK - EricL - 12-20-2021
(12-20-2021, 10:14 AM)rnsmth Wrote: Executed my plan this morning, sold all DUK, replaced with D
I think that's a reasonable plan. Give up a little yield now, but I think D will give a bit more growth going forward.