It’s very rare for me to sell one of my holdings. My plan is to hold all of my dividend companies as long as they are producing a steady stream of growing dividends. I mentioned previously in another article, Why I’m Considering Selling NextEra Energy. In the end I decided I can do better with the proceeds than letting them ride in a company I consider to be overvalued currently.
After the article was written I decided to set a limit order at $90 which was executed today.
I sold all 41 shares @ $90/share. My Basis was $55.42/share so I profited $1,417.78 or 62%.
I’ve been holding these shares since 2011 so the profit will be treated as a long-term capital gain, minimizing my taxes due.
I haven’t decided where I’m putting the proceeds yet but I’ll be sure and post what happens.