05-27-2015, 09:59 PM
(This post was last modified: 05-27-2015, 10:02 PM by Dividend Watcher.)
Sold the rest of MAT this week. Will be using the proceeds for a REIT or PM to make up for the yield but be more sure of the dividend continuing. As I've said previously, if I were younger and had the time, I probably would've held on for the eventual turnaround but that may take a few more years.
In the meantime, I added a little Eversource Energy (ES) to bring me up to half a position. It's down about 14% from it's irrational peak last year and 11% below where I trimmed it since the valuation made no sense at the time. Expecting around 6% dividend boosts looking ahead and maybe a little more when the Spectra Energy gas supply expansion is completed as they'll have more capacity to add gas customers as well as sell to the power plants in their region during the winter months.
I have limit orders for adding to WPC and PM which almost hit today. That should use up the non-productive cash sitting on the sidelines. Now trying to figure out what to do with my South32 shares.
In my wife's portfolio, trimmed a wee bit of HAS. It had gotten to #2 in the portfolio, yield was down to 2.5% and it's P/E was way higher than normal. I know you should let the winners run but I had other plans to diversify the portfolio a little more. It's now at the planned allocation I have for it 2 years in the future.
In the meantime, I have 2 limit orders in: one for PG at $78.50 & one for LNT at the $60.00 level.
In the meantime, I added a little Eversource Energy (ES) to bring me up to half a position. It's down about 14% from it's irrational peak last year and 11% below where I trimmed it since the valuation made no sense at the time. Expecting around 6% dividend boosts looking ahead and maybe a little more when the Spectra Energy gas supply expansion is completed as they'll have more capacity to add gas customers as well as sell to the power plants in their region during the winter months.
I have limit orders for adding to WPC and PM which almost hit today. That should use up the non-productive cash sitting on the sidelines. Now trying to figure out what to do with my South32 shares.
In my wife's portfolio, trimmed a wee bit of HAS. It had gotten to #2 in the portfolio, yield was down to 2.5% and it's P/E was way higher than normal. I know you should let the winners run but I had other plans to diversify the portfolio a little more. It's now at the planned allocation I have for it 2 years in the future.
In the meantime, I have 2 limit orders in: one for PG at $78.50 & one for LNT at the $60.00 level.
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“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan
“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan