Jun 12, 2016
2 Recent Buys - CSCO, WPC & 1 Sale - CVX
Buy in USD - Cisco Systems Inc (CSCO)
Trade Price: 28.85
Sector: Technology - Networking & Communication Devices
Payout Ratio: 51,7%
Dividend Increase Streak Years: 6
Annualized Dividend Growth 3-yr: 31,6%
S&P Credit Rating: AA-
Buy in USD - W.P. Carey Inc (WPC)
Trade Price: 65.15
Sector: REIT - Diversified
Payout Ratio (FFO): 74,4%
Dividend Increase Streak Years: 19
Annualized Dividend Growth 3-yr: 17,7%
S&P Credit Rating: BBB
Sale in USD - Chevron (CVX)
Trade Price: 104.00
Sector: Energy - Oil & Gas Major
Tough call to sell a Dividend Champion. On the other hand Chevron may loose that status any day now. Safety of the company's dividend is questioned at least. Valuation seems lofty. Business is highly dependent on one commodity price; oil. All in all, I felt that there is too much risk for the reward, so I'm going to move on. I made some loss with this sale, but I should be able to deduct this loss in taxation.
Boosting July dividend income, I made small additional purchases in CSCO and WPC. Cash from CVX sale I'm going to distribute to my existing positions. I have 4 or 5 names on my mind. So, you can expect more purchase reports soon!
Thanks for reading. My portfolio page has been updated to reflect these trades.