Money and Finance
This afternoon I decided to go on and sell out of my position in Pfizer (PFE). I sold all shares at a price of $23.79 which netted a gain of $114.24 on the position. The shares had a YOC of 4.71% which was nice and they were due for a dividend increase with their first payment of next year. I'm still set to receive the next dividend payment in early December which will give me another $5.26 once the paid out. My cost basis for the position was $426.78 for original cost and the adjusted cost basis counting reinvested dividends was $446.86. The proceeds from the sale amounted to $561.11 after commissions. My total return based off the initial purchase was 31.48% since September 2011. My total profit/loss percentage for the position, based off the adjusted cost basis accounting for reinvested dividends, was 25.57%.
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- Selling Puts For Added Income
This morning Archer-Daniels Midland was trading at $26.97. Since I would like to get more into the stock with it trading around a 14% discount to my calculated fair value, I figured I would check out the potential option moves to make. The fair value...
- Recent Buy
With the early morning market selloff today, I pulled the trigger and added to my position in McDonald's. I picked up 25 more shares for $88.35. At the current dividend payout of $2.80 per share annually, my YOC for this purchase is 3.16%. This purchase...
- Conocophillips Spinoff
Yesterday the ConocoPhillips spinoff into two companies went through. Phillips 66 (PSX) was spunoff from the parent company of Conoco (COP) to create value for shareholders. Phillips 66 is now comprised of the refining and pipeline business while Conoco...
- Another Look At Yield-on-cost
The conventional definition of yield-on-cost (YOC)is to take the current annual dividend payment from a company and divide that by the original purchase price, rather than the current price, to determine the yield-on-cost. As a company raises it's...
- Dividend Reinvesting Or Not?
I was thinking for a while to reinvest dividends automatically or not. I used to reinvest dividends automatically. Then I decided not to reinvest it automatically since I plan to sell stocks at some point and so I didn't want to have short term sale...
Money and Finance
Recent Sell
This afternoon I decided to go on and sell out of my position in Pfizer (PFE). I sold all shares at a price of $23.79 which netted a gain of $114.24 on the position. The shares had a YOC of 4.71% which was nice and they were due for a dividend increase with their first payment of next year. I'm still set to receive the next dividend payment in early December which will give me another $5.26 once the paid out. My cost basis for the position was $426.78 for original cost and the adjusted cost basis counting reinvested dividends was $446.86. The proceeds from the sale amounted to $561.11 after commissions. My total return based off the initial purchase was 31.48% since September 2011. My total profit/loss percentage for the position, based off the adjusted cost basis accounting for reinvested dividends, was 25.57%.
Read more »
- Selling Puts For Added Income
This morning Archer-Daniels Midland was trading at $26.97. Since I would like to get more into the stock with it trading around a 14% discount to my calculated fair value, I figured I would check out the potential option moves to make. The fair value...
- Recent Buy
With the early morning market selloff today, I pulled the trigger and added to my position in McDonald's. I picked up 25 more shares for $88.35. At the current dividend payout of $2.80 per share annually, my YOC for this purchase is 3.16%. This purchase...
- Conocophillips Spinoff
Yesterday the ConocoPhillips spinoff into two companies went through. Phillips 66 (PSX) was spunoff from the parent company of Conoco (COP) to create value for shareholders. Phillips 66 is now comprised of the refining and pipeline business while Conoco...
- Another Look At Yield-on-cost
The conventional definition of yield-on-cost (YOC)is to take the current annual dividend payment from a company and divide that by the original purchase price, rather than the current price, to determine the yield-on-cost. As a company raises it's...
- Dividend Reinvesting Or Not?
I was thinking for a while to reinvest dividends automatically or not. I used to reinvest dividends automatically. Then I decided not to reinvest it automatically since I plan to sell stocks at some point and so I didn't want to have short term sale...