I sold my position in General Electric (GE), and its hurts.
Almost two weeks ago I posted my post about General Electric decimating its dividend.I didn’t act quick enough to avoid this fourth dividend cut in the history of GE. For more information about their latest dividend cut, read my post General Electric decimated its dividend.
This latest dividend cut really hurts. I had high expectations of last year’s plan, but that didn’t worked out. After my latest post, I dove back into the numbers and decided it is better to sell GE and buy back a good Dividend Aristocrat. So and that is exactly what I did.
Two weeks ago, I sold my entire position in General Electric. I sold my share at $ 8.00 per share (excl. fees). With this sell I took a loss of € 835 (ouch). But hey, I don’t see GE taking a turn for the better in the next 5 years. So I think it is better to invest my money in a Dividend Aristocrat.
My projected dividend income for 2018 for my Vrijheid Fonds is not affected by this sell.
Do or did you own GE? And what did you do with it after their latest dividend cut? I like to hear from you!
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