12-10-2021, 01:43 PM
(12-10-2021, 01:08 PM)rnsmth Wrote: Sold my remaning MDU and replaced it with EOG.
I like MDU and got some pretty good cap gains and dividends from it, but dividend growth was lacking.
EOG showed up in a SSD screen I did a few months ago, and I put it on the watch list
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Portfolio Move Today
I had held MDU for a year or so, maybe a bit longer. I had trimmed it some earlier and put those proceeds in SCHD in order to build it fasters.
I liked MDU, but its dividend growth was lacking, at 2.4% for each of the past 2 years. I sold it all, taking a 33.3% gain and all the principal. I put all of the proceeds into EOG, a little higher current yield and much faster dividend growth. Also, a $2 special with a ex-div date of December 14.
MDU and EOG both has Very Safe SSD dividend ratings.
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MDU could end up being a decent play on the infrastructure spending due to their construction and aggregate business, but you are right, they are stingy with dividend increases!
Best of luck with your EOG!