Buys went through on Tuesday. Picked up:
- $200 of RDS.B at $70.74. Yield 5.09%.
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$100 of EXC at $30.71. Yield 4.04%.
EXC announced earnings today which were poor as predicted. Full year 2012 earning per share were 31% lower than 2011. They also forecast another decline of 10-15% in 2013 EPS. Poor.
The worst news is that they also announced a dividend cut of 44% from $.525/quarter to $.31/quarter. Piss Poor.
I cant say I am surprised as they hinted at a cut during the Q4 earnings calls and the stock was sporting a 7%ish yield.
The cut stings a bit but I knew it was coming and EXC only makes up around 3.5% of my portfolio.
The stock was up today on a down market day.