Re: Older Folk Portfolio ... Replacements.
Today I liquidated the position in T and replaced it with DPG .. SPE .. CCD .. ECC .. DDF .. CHW .. EXD .. ETW .. PRU .. UNP.
T had announced a dividend cut and is going to spin off the media business. I decided to replace that lost income by selling out of T and finding replacements that would generate as much income as T was.
The sale of T generated $146K in proceeds to be invested immediately.
Listed below are the yields and position sizes of the replacements, some are new and some were simply added to.
Added To:
Symbol .. Yield .. Position Size
DPG .... 9.95% ... $29,506
ECC .... 8.87% ... $30,226
SPE .... 8.37% ... $29,781
CCD ... 7.43% ... $30,124
PRU ... 4.51% ... $28,478
UNP ... 1.95% ... $16,207
New Positions:
ETW .... 7.85% ... $20,149
CHW ... 7.63% ... $19,785
EXD .... 7.19% ... $20,189
DDF .... 6.68% ... $20,053
When I have a company cut its dividend, and I decide to sell it, I don't look to replace it with one holding, I'll spread the cash out over several positions while at the same time making up for the lost income as a result of the dividend cut. |
