- $200 of RDS.B at $70.74. Yield 5.09%.
- $100 of EXC at $30.71. Yield 4.04%.
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.
Sometimes I do it as well and buy or keep dividend paying stock after the cut if holding the stock is justified by other metrics. I hold ARR which recently cut dividend, but it still pays almost 14% yield (my YOC is 13%), my cost basis is way lower below market price ($6.34, current price $7.12),and it pays dividends monthly. So there is a point when I will sell, but not at current price, dividend rate, and estimated growth.
ReplyDeleteI hear you Martin and made out very well with adding to my position of GE in 2009 after it's cut. I consider EXC a value play at this point. I will probaly hold and may even add a bit. It is my only utility in my portfolio.
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