Friday, January 13, 2017

Johnson Controls (JCI) Purchased on December 28, 2015. Adient (ADNT) Acquired as a spin-off.

One of my toughest stocks to keep track of is Johnson Controls (JCI), because I received some dividends which were reinvested, and then JCI merged with Tyco, so I received some cash in exchange for some of the shares, and then I received additional dividends that were not reinvested by my broker, and then Adient (ADNT) was spun off, and now I am starting to receive dividends that will be reinvested again.  Whew!  The details are summarized below:



I have been happy with the overall return of the investment so far, but I was disappointed by the dividend cut that took place last month.  At 83 cents, JCI pays me one of the lowest average monthly payments in this portfolio.


When I look at the F.A.S.T. Graph for JCI, I am torn about what to do about it in the near future.  Part of me wants to put it on my list of stocks to consider selling because of the dividend cut hampering my march toward $560 per month.  But part of me wants to hold for now because it looks like it has a potential to move quite a bit higher from here over the next few years.

Meanwhile, ADNT has been doing nicely since I received one share of it as a spin-off.  It is up about 30% since Halloween.  Its tiny total value means that at this point I no have plans to consider selling it at any time.  So it may sit in the portfolio for the rest of my life.


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