After selling TGT yesterday I was looking to add to one of my existing positions. I decided to add 9 shares to my Coca-Cola holdings.
Why did I choose or KO and not one of my other holdings? Well the truth is it was my smallest holding and it is now at a much lower price than the other shares I bought. So yesterday I bought another 9 shares of KO for $41.20 each.
My total position is now 28 shares of KO.
This purchase will add $12.60.
So selling TGT and buying KO has increased my yearly dividend income by three dollars.