01-19-2022, 11:04 AM
(01-19-2022, 10:47 AM)Dividends from Scratch Wrote: Today I sold $KMB.I try not to over manage my long-term holdings but this is the type of decision that will serve you well. You could end up with penny dividend raises and shares that are down 15% a few years from now. I really wanted to enter retirement this year with a couple core positions in consumer staples. It just makes no sense until I get a MUCH better entry. Covid effects are just going to have to wear off.
With a forward P/E of 22, little growth projected for the next 5 years, and rising input costs, this isn't a name I want to be in.
As a dividend growth investor, the 100% TTM FCF payout ratio is especially alarming.
I was underwater for most of the time I held it so happy to sell today for a 8% gain.