Well, I made my move this morning.
Sold my MMM and VVC and purchased TAL and POT.
A little disappointed to find out that Schwab doesn't allow auto-reinvestment of dividends on POT because it is a foreign stock.
Also a little torn on selling MMM because I think it is a great company but with only a 2% yield and fairly pedestrian earnings and dividend growth rates I thought I could do better. Came down to selling MMM at a slight overvaluation to buying POT at what looks like an undervaluation and much higher yield.
Forgot to mention I also made a purchase with new money, buying 12 shares of DLR at $47.75.
Sold my MMM and VVC and purchased TAL and POT.
A little disappointed to find out that Schwab doesn't allow auto-reinvestment of dividends on POT because it is a foreign stock.
Also a little torn on selling MMM because I think it is a great company but with only a 2% yield and fairly pedestrian earnings and dividend growth rates I thought I could do better. Came down to selling MMM at a slight overvaluation to buying POT at what looks like an undervaluation and much higher yield.
Forgot to mention I also made a purchase with new money, buying 12 shares of DLR at $47.75.