Yesterday, I sold my 300 shares in Teva. I've been a shareholder since 2012 and all this company has done for me is loose money. I lost over $3,000 USD. However, back then, the exchange rate was favourable to Canadians. So if I were to convert the $8,000 USD from the sale back into CAD, my loss is about $1,000 CAD. After my experience with Ensco, I get nervous when share prices just keep declining. This company has a lot of debt and very poor leadership.
I also sold my 275 shares in Rogers for a hefty capital gain of 40% in 5 years, or $4,700 CAD. I like the company but I think it is overvalued. It's a telecom with a current dividend yield of 3%. I decided to take the proceeds and reinvest in fairly valued stocks with higher dividend yields. Also, Rogers hasn't increased its dividend in a while.
These sales decrease my yearly dividends by $936.
I used some of the money to buy the following 5 stocks:
- AT&T: 150 shares @ $37.95, +$294 dividend, 5.16% yield
- CSCO: 100 shares @ $31.15, +$116 dividend, 3.72% yield
- FLO: 100 shares @ $18.40, + $64 dividend, 3.48% yield
- POW: 200 shares @ $28.95, +286.80 dividend, 4.95% yield
- WFC: 50 shares @ $$52.10, +$76 dividend, 2.92% yield
These purchases add $772.80 to my yearly dividends.