DGI For The DIY

[EricL]

Thanks for sharing your thoughts fenders.

I can see why people wouldn't be a fan of WFC, but I think its a good value here, and being able to pick it up at a near 7% yield is a heck of a deal. It announced its next dividend payment yesterday, so if it was going to cut, that would have been the time to do it. I bought today to get it ahead of the May 7 ex-div.

Decided to hold IBM until ex-div next week, and then will likely sell and move the proceeds into AVGO and BMY.

I agree that the income growth goal could be difficult to maintain. Which is partly the reason for some of these moves. Re-balancing is part of my approach, as I can sell off overweight stocks that have run up and are trading at lofty valuations, and then use the proceeds to add to underweight stocks that are trading at fair value and offering higher yields.

Got a 10% raise from AWK this morning, and will hopefully be getting one from AMP yet this week as well. KMI announced a 5% raise, which coupled with dividend reinvestment at a 6.7% yield gives double-digit income growth as well.

Will be interesting to see what AAPL does. It is due for an increase announcement as well.

Best,

Eric