Dividend Meter > Meter Updates
I am a dividend growth investor. (period)
Tonight, KMI, Kinder Morgan Inc. decided they were no longer a dividend growth stock by announcing a 75% dividend cut. I sold the stock. Time to move on….
Prior to the stock sale, I owned 175 shares of KMI, which provided $357.00 in annual dividend income for the Dividend Meter. Compared to November’s Update of $5,802.97, removing Kinder Morgan completely from the portfolio drops the Dividend Meter reading to $5,445.97:
However, now the good news! So far, in December, I’ve purchased 20 shares of Starbucks (SBUX) with new savings in my taxable account, 20 shares of OGE Energy Corporation (OGE) with accumulated dividends in an IRA Rollover account, and 19 shares of HCP Inc. (HCP) in a different IRA Rollover account with accumulated dividends. Also, while I took a big capital loss on KMI, I didn’t sell it for zero. After selling 150 shares in an IRA Rollover for $14.75, I have about $2,200.00 to invest in something else – I will likely add another 60 shares of HCP. The other 25 shares of KMI that I owned were sold in a taxable account and the proceeds will sit in cash until I can add additional new savings to make a larger purchase of stock. So the current Dividend Meter reading is $5,662.51: