Money and Finance
Today I sold my stake in MFS Multimarket Income Trust (MMT). MFS Multimarket Income Trust is a close-ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company.
I have to admit when I initially purchased MMT that I was attracted by it's generous 6% dividend yield. Unfortunately they are slowly and consistently cutting that dividend and that's never something a dividend investor can be comfortable with. As a result I decided to sell my stake in MMT.
I used the proceeds of my sale of MFS Multimarket Income Trust (MMT) to add to my position in AT&T (T). I purchased 62 shares of AT&T (T) on 6/3/13 for $34.69 per share. AT&T Inc. provides telecommunications services to consumers, businesses, and other providers in the United States and internationally.
I have been happy holding AT&T and am glad I could add to my stake after the big market drop on Friday. AT&T is a dividend aristocrat that has raised their dividend for over 25 years straight as seen in the chart below.
- The Evidence For Dividend Growth Investing
This following post is written by Ben Reynolds, who runs the Sure Dividend site. Sure Dividend focuses on high quality dividend growth stocks suitable for long-term investing. Dividend growth stocks are an excellent vehicle to build passive income over...
- Recent Buy - New Jersey Resources
This week I decided to switch some things around in the portfolio. Nothing too major but in the wake of the pending sale of Piedmont Natural Gas (PNY) to Duke energy (DUK) I decided to sell my stake in PNY. Shares jumped around 20% after the big news...
- June Dividend Update
Happy 4th of July for those of you in the USA. Time for my June update. This months dividend total was a new record high for me at $288.03 which is up 14% from the $252.03 that I made last quarter in March. In comparison, last years June total was $227.91...
- December Dividend Update
It's time to report on my December dividend income! This month my dividend total was $213.07 which is down from the $227.94 that I made last quarter in September. This was not due to anything sinister like a dividend cut but merely some of...
- September Dividend Income
My dividend income for My total dividend income for September totaled $167.99. This was a big improvement over last quarter where I made $149.49 in June and more than double last years September total of $81.89 so I'm pretty happy with that....
Money and Finance
Recent Sell / Recent Buy - MFS Multimarket Income Trust & AT&T
I have to admit when I initially purchased MMT that I was attracted by it's generous 6% dividend yield. Unfortunately they are slowly and consistently cutting that dividend and that's never something a dividend investor can be comfortable with. As a result I decided to sell my stake in MMT.
I used the proceeds of my sale of MFS Multimarket Income Trust (MMT) to add to my position in AT&T (T). I purchased 62 shares of AT&T (T) on 6/3/13 for $34.69 per share. AT&T Inc. provides telecommunications services to consumers, businesses, and other providers in the United States and internationally.
I have been happy holding AT&T and am glad I could add to my stake after the big market drop on Friday. AT&T is a dividend aristocrat that has raised their dividend for over 25 years straight as seen in the chart below.
- The Evidence For Dividend Growth Investing
This following post is written by Ben Reynolds, who runs the Sure Dividend site. Sure Dividend focuses on high quality dividend growth stocks suitable for long-term investing. Dividend growth stocks are an excellent vehicle to build passive income over...
- Recent Buy - New Jersey Resources
This week I decided to switch some things around in the portfolio. Nothing too major but in the wake of the pending sale of Piedmont Natural Gas (PNY) to Duke energy (DUK) I decided to sell my stake in PNY. Shares jumped around 20% after the big news...
- June Dividend Update
Happy 4th of July for those of you in the USA. Time for my June update. This months dividend total was a new record high for me at $288.03 which is up 14% from the $252.03 that I made last quarter in March. In comparison, last years June total was $227.91...
- December Dividend Update
It's time to report on my December dividend income! This month my dividend total was $213.07 which is down from the $227.94 that I made last quarter in September. This was not due to anything sinister like a dividend cut but merely some of...
- September Dividend Income
My dividend income for My total dividend income for September totaled $167.99. This was a big improvement over last quarter where I made $149.49 in June and more than double last years September total of $81.89 so I'm pretty happy with that....