Buys and Sells for the Week 2/4

Interesting week with so many companies reporting but I’ll start with AT&T (T) finally telling us what the reduced dividend will be, I was planning on $1.20/share but they came out at $1.11/share which was slightly below what I had hoped for but still tolerable. At least the guessing game is over and we can move on

Now onto the good news, I received the most dividend raises ever in 1 week by racking up 9 raises; Allete Inc. (ALE) 3.17%, Air Products (APD) 8%, Avista Corp. (AVA) 4.14%, BCE Inc. (BCE) 5.1%, Brookfield Renewable Partners both BEP & BEPC 5.33%, Camden Property Trust (CPT) 13.25%, Prudential Financial (PRU) 4.35%, and United Parcel Service (UPS) 49%.

Here are my trades for the week:

1. PPL Corp (PPL) – sold position – Sold the entire position. Played this out for the dividend as long as I could and they probably have 1 maybe 2 more payouts before they cut the dividend. My guess is a 35% to 40% haircut so I sold out at $29.84/share. This is a sizeable payout (I had just over 1000 shares) , and instead of reporting out the buys on my weekly post I am taking the lazy way out and letting you know now I am redistributing the funds into Pinnacle West (PNW) Algonquin (AQN), and BCE Corp (BCE).
2. Oil-Dri Corp of America (ODC) – increased position – Forgot I had a limit order on this and the price dropped on Friday to trigger the buy . Grabbed 4 shares @ $32.07 and a 3.37% yield.