Nothing major to report but I do like to give a full update on any changes made to my portfolio. Yesterday I closed my position in Halliburton (HAL). Halliburton isn't exactly a dividend growth stock, although they have increased it the last few years, plus they're my employer so I don't want to be too exposed to one company since they are my job income. Every quarter I acquire more shares of Halliburton through paycheck withholdings and luckily it's at a great 15% discount. While the immediate 15% is nice it's really awesome in the middle of a bull market as the shares continue to climb higher. But every now and then I like to take some of the investment off the table, actually that's how we funded the majority of our downpayment for our house purchase last year.
I originally "purchased" these shares back in April through the ESPP program at work. My per share cost basis at the purchase was $42.51 and this past Thursday I sold them for $65.62 per share. After commission and fees I netted $23.00 per share in profit. That's a 54.1% gain in a little over 2 months, if only it were that easy. Well, it's not all going to be counted as profit as the tax situation is much more complicated when it comes to shares purchased through an ESPP. But before taxes it's a nice gain.
I'm looking forward to putting this capital to work in solid dividend growth companies. What companies are you interested in purchasing at current prices? Like most of you I'm not enamored with the current values in the markets but it's hard to make progress if you don't move forward. Most likely I'll be looking to make a small purchase by either adding to a position or initiating a new one over the next week.
My FI Portfolio's forward 12-month dividends are decreased by $43.24 and are now at $4,289.39.
I've updated my Portfolio page to reflect this change.