Wow! I ended up making some last-minute quick moves with these recent buys and a recent sell. I have been in the process of re-balancing my portfolio and the majority of that was done with my SRLP sale and many new purchases. For awhile now, I had thought of reducing my position of OHI as well, but I felt SRLP was the stock to tackle first. I had planned to reduce my OHI position next year as a re-balance for 2020. But the opportunity presented itself when OHI rose to a high of $41 per share. It was too good an opportunity to sell and use the proceeds to purchase new stocks. Thus, the last piece of re-balancing my portfolio has fallen into place a year earlier then I imagined.
Last Friday, I sold 98 shares of Omega Healthcare Investors (OHI) at $40.68 per share which gave me nearly $4000 in cash to buy other stocks. I am happy I was able to sell some of my shares of this stock close to it’s high. The effect of this, of course, is that my forward yearly dividends from OHI was reduced from $918.72 to $660.00. That is a $258.72 decrease in dividend income. But with new stock sales comes new stock purchases.
On Friday, I purchased 82 shares of Leggett & Platt (LEG) at $37.51 per share. And with that, LEG becomes the 27th stock in my portfolio. This purchase added $131.20 to my forward yearly dividend income! My next purchase was adding onto my position in LyondellBasell Industries (LYB) which I also purchased earlier this month. I bought 14 shares of LYB at $69.84 per share. This purchase added $58.80 to my forward annual dividend income. For LYB, my total dividend income is now $168.00 yearly.
Overall, these two purchases added $190.30 in forward dividend income to my portfolio. Not as much as lost with the sale, but a good enough recovery. The re-balancing is now just about complete. By my next stock purchases in October, nearly all the dividends lost during the summer re-balance will have been recovered. As of this post, my portfolio is set to generate $9,469 in forward dividend income over the next 12 months! My portfolio has become much more diversified now then it has even been before and I believe it is stronger now then ever. I am looking forward to see this strength blossom in 2020 as I continue to build my dividend dynasty!
So, what do you guys think of my new recent buys (and sell)? Do you own these companies already? Are you taking advantage of these market scares? Let me know in the comments below.
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