Friday, June 19, 2015
Stock sale: CAG
After a pretty big spike in price today, I decided to sell all of my CAG shares. As you can see in the photo above, it was a relatively small position. I was able to make three weekly purchases, two under $30, one just over $30 last summer.
The dividend hasn't been raised for a couple of years, but ironically the stock performance has been very strong. In fact between KRFT and CAG, the food companies have been two of my better performing companies in the last year.
Including the four dividends I received I will clear $2756.57 on an investment of $1850.
I haven't decided what to do with the proceeds yet. I may add to my KO or PEP positions and keep the money invested in some type of food company.
Also CAG was paying a $.25 quarterly dividend, so my yearly dividends will decrease by $63.84.
What do you guys think of my decision to dump CAG?