2024-01-25 07:33:46 ET
Summary
- I sold my entire position in Lowe's shares due to concerns about the physical retail industry and Lowe's slowing growth.
- I used the proceeds to invest in three other blue-chip dividend growers with stronger upside and income-oriented potential.
- I believe that this trade improves the quality of my portfolio and enhances my passive income prospects moving forward.
I just made another trade in my portfolio, which I believe increases the quality of my holdings while enhancing my passive income prospects moving forward.
On 1/22/2023, I sold my entire Lowe’s ( LOW ) position at $219.30, locking in long-term gains of 62.3% (in a retirement account, so there are no tax consequences) on shares with an overall cost basis of $135.10.
Lowe’s is a Dividend King with 60 years of consecutive annual increases. And with that in mind, 62.% gains or not, I’m sure some of you might think I’m crazy for selling my shares. However, when I look at the numbers here I’m not impressed with Lowe's anymore....
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For further details see:
Lowe's: I Just Sold This Dividend King And Bought 3 Stocks That Are Even Better