08-17-2013, 01:43 PM
I own PSX and share some of your concerns about the lower current yield.
However, with their recent spin-off of mid-stream assets I think the dividend will likely be getting a boost in coming quarters. I plan on holding until next year to see how things shake out.
If nothing else, if you are sitting on a lot of gains you could trim your position back to a 2% (or whatever you are comfortable with) weighting and buy your TGT or WMT if you think they are at a good entry point.
However, with their recent spin-off of mid-stream assets I think the dividend will likely be getting a boost in coming quarters. I plan on holding until next year to see how things shake out.
If nothing else, if you are sitting on a lot of gains you could trim your position back to a 2% (or whatever you are comfortable with) weighting and buy your TGT or WMT if you think they are at a good entry point.