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VLY - John's July Dividend Increases And Income Tracker - Retirement Accounts
Valley National Bancorp
Investment Thesis
After a solid June, John's portfolio continued to crank out dividends despite the massive -79.8% dividend cut to SCANA Corporation's (SCG) dividend. At the same time, John saw no gain from our active trading strategy as we opportunistically sold some high cost-basis shares in order to bring down the average cost per share. These moves were made with the intention of building up more capital that can be used for trading and/or purchase stocks when they go on sale.
Before we begin to delve into this month's results, I want to