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+--- Thread: How to Handle a Spin Off (/showthread.php?tid=750)
How to Handle a Spin Off - Main Street Stock Investor - 11-07-2014
This week Kimberly Clark (KMB) spun off Halyard Health. I typically sell any spin off immediately and credit my accounting sheets with the resutlant profit from the sale. I account for the proceeds from the spin off sale as income, just like dividend income, trading income, or option income for that particular position.
I would be interested to learn how other investors treat a spin off.
RE: How to Handle a Spin Off - rapidacid - 11-07-2014
Same here. I sold HYH yesterday and used the funds for my QCOM / MSFT purchases.
Basically a one time ~5% dividend from KMB. Thanks guys!