I decided to add to my TUP position after today's bloodbath and divvy cut.
- TUP: 100 shares @ $26.96 --- Yield 4.01%
Total capital invested is $2696.00 and will add $108 to my yearly dividends.
I really didn't plan on adding more TUP shares and was glad that I was finally in the black in the position as of yesterday. Obviously today's 30% crash and 60% dividend cut ($.68 to $.27) is pretty bad news especially when the S&P 500 is up 1.5% on the day.
How the hell do you fuck up food storage?! Do people not eat leftovers or store food in the fridge anymore? I'm really scratching my head as to what the hell is going on with Tupperware.
Oh well, now that my cost basis is in the low 30s hopefully they will turn this thing around.