09-15-2013, 08:35 PM
Good job on hanging onto PSX. I unfortunately was one of the many that sold off PSX after the spinoff. At the time my reasoning was good. The huge run up caused the yield to be very low. Also, management was saying that the dividend raises was going to be 5%. With the yield under 2% and raises of 5%, it didn't fit my criteria for keeping it. Wish I would have waited for the first dividend was announced before making my decision to sell. All our investing decisions can't be right. At least I learned a lesson to be patient and see what the raise is before trusting management on what a future raise will be. I still have my COP shares and those I will be keeping.