I did something I rarely do today. I sold out of a position. Got out of JCI entirely, for roughly a 10% gain. Anemic 2.5% yield (before foreign tax), payout has been frozen for seven consecutive quarters, and they just can't seem to get any traction when it comes to earnings growth.
Split the proceeds 50/50 to add to my JNJ and MMM holdings. Higher quality companies and dividends.
Split the proceeds 50/50 to add to my JNJ and MMM holdings. Higher quality companies and dividends.