Dividend Dolphin

With the money I had from the sell of ABBV I expanded on my BNS position. I bought another 4 shares. For my net dividend income the sell and buy have a small impact. I lost €8 by selling ABBV and I gained €10.60 by buying BNS. I bought BNS at $62.55 a share. With a quarterly dividend of $0.63, BNS yields 4%.

It was a long time ago that I sold some stocks, but yesterday I did. I sold my total position (3 shares) in Abbvie (ABBV). I bought the ABBV shares last January for a price of $62.75 a share and sold them at $81.50, which is almost a capital gain of 30%. In dollars that is. As I live in The Netherlands, I look at my investments in Euros. And because the dollar has weakened tremendously since January, my actual capital gains are just 12%. When I add the dividends I received the "profit" I made was 14%. Why did I sell? Well, mostly because of the surge in shareprice ABBV made yesterday. I expect that that shareprice >$80 won't last very long. I still like ABBV though, so if the price comes down a quite a bit I might another batch of shares. For now I expanded on one of my other positions, which I will write about in another blog.