I sold out of my position of CSX recently. I decided the company has ran up enough that I could deploy the funds into better areas. Between the health of the new CEO, the fact that shares are now at a P/E of 30 and yield just 1.5% after running up significantly this year, I decided to exit my position fully.
I sold 252 shares of CSX for $52.92/share netting $13,331. My basis was $23.43/share, well over a 100% return and it’s a long-term capital gain since I’ve held shares over 1 year.
So this was a nice chunk of dry powder left after the sale. Here’s what I did with the money and how my income changed.
252 shares of CSX – Loss of $201.60/year at $.80/year or about 1.5% yield , proceeds of $13,331
50 shares of XOM – Cost $4,100 – $154/year in income
20 shares of DIS – Cost $2,000 – $31.20/year
50 shares of MO – Cost – $3,718.00 – $122.00/year
16.45 shares of SBUX – Cost $1,000 – $16.45/year
17.79 shares of RDS.B – Cost $1,000 – $66.89/year
10 shares of CVS – Cost about $750 – $20/year
4 shares of AMGN – Cost about $750 – $18.40/year
*note some of these stocks were purchased in my sharebuilder account to avoid excessive commissions.
Grand Total = $428.94 or 3.21% yield.
I was able to increase my yearly dividends by $227.34!
What do you guys think? I’ve diversified my income into 7 positions yielding more than double what I was before. Anyone else with recent sells?