12-14-2021, 01:30 PM
I do not hold CSCO so I can't really comment on that part of the trade.
Nor do I know SNA. But I do like WEC/LMT/RY.
You did mention that you don't have RY, do you have any Canadian banks? If not then I would indeed recommend grabbing one, it doesn't get much better when it comes to dividend safety in the financial sector. And with interest rates finally starting to go up banks should profit nicely from that.
JNJ/PEP also both at the 2.5% mark, if that is high enough for you then I can't see how it could go wrong long-term with either of these.
Looks like you could pretty easily indeed get both more dividends right now and higher dividend growth without taking on much, if any, additional risk.
There is always the option of not selling all of your CSCO, you could leave half and move the other half to a mix of better div payers / higher div growers according to your preference.
Nor do I know SNA. But I do like WEC/LMT/RY.
You did mention that you don't have RY, do you have any Canadian banks? If not then I would indeed recommend grabbing one, it doesn't get much better when it comes to dividend safety in the financial sector. And with interest rates finally starting to go up banks should profit nicely from that.
JNJ/PEP also both at the 2.5% mark, if that is high enough for you then I can't see how it could go wrong long-term with either of these.
Looks like you could pretty easily indeed get both more dividends right now and higher dividend growth without taking on much, if any, additional risk.
There is always the option of not selling all of your CSCO, you could leave half and move the other half to a mix of better div payers / higher div growers according to your preference.