I just had a $20 limit order executed and I sold my entire position of FLO today.
- FLO: 120 shares @ $20.01 --- Yield 3.2%
Total proceeds from this transaction are $2393.65 and my yearly dividends will be reduced by $76.80.
I originally purchased the shares back in September for $14.62 and I planned on adding to the position, but as many stocks have done over the past couple of months the shares got away from me. When the yield was in 4.5% range, FLO seemed like a steal, but now it's just another 3% yielder and quite frankly I am happy to take the 37% gain and redeploy into another better quality 3% yielder.
Forward dividends are back around 5k. I have some work to do in the next few weeks.