Recent Buy (NNN) and Recent Sells (VFC and KTB)

I made a small adjustment to my portfolio with my recent buy (NNN) and recent sells (VFC and KTB).

I am not a big fan of selling, but every now and then you need to prune a tree to keep it growing healthy.

Overall, this is a very small adjustment in response to recent events.

As you may or may not know, VFC cut its dividend for a second time. They reduced their dividend by 70%.

While VFC wasn’t a big part (percentage wise) of my overall dividend portfolio, I felt it was time to sell and put the proceeds into better investment vehicles.

The dividend cut from VFC reduced my annual dividends by $56.28.

Last week, I sold all 67 shares of VFC, thus reducing my annual dividends further by $24.12.

In addition, I also sold all 9 shares of KTB (it was a VFC spin-off company that I just held on to for a while).

As a result, I lost another $18.00 in annual dividends from the KTB sale.

In total, the dividend cut and stock sells reduced my yearly dividend income by $98.40.

In my next move, I purchased 41 shares of NNN. This stock purchase added $92.66 in additional dividend income to my portfolio!

All in all, I now own 114 shares of NNN which means $257.64 in annual dividends!

Conclusion

Thus concludes my recent buy (NNN) and recent sells (VFC and KTB).

Overall, I believe this small adjustment will make my stronger in the long-term.

And even after the cuts and adjustment, I am just down $5.74 from before the VFC cut and recent portfolio tweak.

As of this post, my portfolio is set to generate $14,424 in dividend income over the next 12 months.

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So, what do you think of my recent buy and sell? Let me know in the comments below!