SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Dividend investing for retirement
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Triffin who wrote (10641)12/29/2011 7:03:28 PM
From: chowder  Read Replies (3) of 34328
 
Triff, I think I have changed my mind about making changes within my portfolio.

I have been waiting on a couple of mergers within my utility holdings. PGN is supposed to go with DUK. ... NST is supposed to go with NU, and that transaction is past due.

The yield on PGN is now down to 1.9% That is unacceptable for a utility and it's because I have some very nice capital gains in it. A special dividend is due on 1/9. If the deal with DUK doesn't materialize by then, I will sell PGN and find another utility.

NST pays their special dividend on 1/3. The yield on NU is under 4%, so that is unacceptable as well.

I think I will sell NST after 1/3 and move those proceeds into NGG, a company I was wanting to add to anyway, and it is yielding 4.5%. My initial yield with NGG was above 6%, sheesh.

There won't be any tax consequences on these two assumable sales as they are located within a traditional IRA.

I'm still wanting to add another utility in 2012 and AEP is a possibility. If I sell PGN, I'll have to add another one as well, making it two utility companies I need to find.

The above plan is not written in stone. I'm still in the thought decision process and have a couple of weeks to decide. I will check out Value Line after the New Year to determine what my final choices will be.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News