Dividend Dolphin

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.

Yesterday I did my first purchase of the year. While expenses are high in the end of December and the beginning of January, I was able to do a small purchase of AbVie (ABBV). I bought 3 shares at $62.75 a share. Including transaction fees the cost base will be $62.92. ABBV pays $0.64 per quarter the yield on costs will be just over 4%, 4.07% to be exact. Since ABBV will go ex dividend at January 11th, I will nicely pick up the dividend. Payout will be in Fruary. This buy increases my forward 12 month dividend with $7,68 before taxes. After taxes and at the current exchange rate this will be €6.28 bringing it to about €280.