This really sucks, as I felt D management would do all it could to preserve the dividend.
This coupled with the expected cut from WFC makes for a bit of a jolt to my future income projections.
Fortunately I've had a good start in income for the first half of the year so I can probably manage it and keep my double-digit growth target intact. Looks like Buffet is again taking advantage of over-leveraged companies to pick up nice assets for BRK.
Question now is do I move the funds into DUK or SO that have similar yields, or split it out between other stocks I already own and take a cut. D was my largest utility holding, so I have some decisions to make.
SRE was a recent add for me, and I've been considering UGI as well. Either would be a drop in income, but probably have better growth prospects as well.
This coupled with the expected cut from WFC makes for a bit of a jolt to my future income projections.
Fortunately I've had a good start in income for the first half of the year so I can probably manage it and keep my double-digit growth target intact. Looks like Buffet is again taking advantage of over-leveraged companies to pick up nice assets for BRK.
Question now is do I move the funds into DUK or SO that have similar yields, or split it out between other stocks I already own and take a cut. D was my largest utility holding, so I have some decisions to make.
SRE was a recent add for me, and I've been considering UGI as well. Either would be a drop in income, but probably have better growth prospects as well.