Today I sold my entire TUP position.
- TUP: 61.36 shares @ $73.57 --- Yield 3.70%
Total proceeds are $4507.13 and this will reduce my yearly dividends by $166.90.
This has been a fantastic position for me and I made about $1400 in gains plus whatever dividends I received while owning the stock. Yesterday I was thinking that I might want to trim some overvalued positions and TUP at $65 seemed like a good candidate. Well when I opened my account this morning looking for opportunities to buy, I saw TUP up 12% at $73 and took that as an opportunity to sell.
I fully plan to reinvest the proceeds quickly and have no problems revisiting TUP somewhere in the $50s and in the 5% yield range.
Forward dividends are $8670.00.