07-10-2020, 10:39 AM
Sold 1/3 of my D to bring it in line with my other utilities and sold out of my WFC ahead of next week earnings and likely dividend cut.
Used proceeds to add to CVX, KMI, MO, and PM.
I think CVX is the strongest of the oil companies, and think KMI's dividend is safe as well.
Like MO and PM following the approval to market iQOS as a risk-reduced product in the USA, and think that should help it gain market share in the tobacco market.
Overall, I actually realize a slight gain in income from the pre-cut D and WFC levels with the trades.
Used proceeds to add to CVX, KMI, MO, and PM.
I think CVX is the strongest of the oil companies, and think KMI's dividend is safe as well.
Like MO and PM following the approval to market iQOS as a risk-reduced product in the USA, and think that should help it gain market share in the tobacco market.
Overall, I actually realize a slight gain in income from the pre-cut D and WFC levels with the trades.