Westrock Company (WRK) has been an difficult investment for me to track, much like Johnson Controls, because of a spinoff that took place after I bought it.
I purchased WRK near a three-year low thanks to the overall stock market decline, and the yield at the time was an amazing 4.4%. Since then, the price has shot so high that the current yield is only around 3%. So I am glad to have purchased it when I did.
In addition to the fact that I have a super $300 paper profit in WRK, there is an extra $100 bonus in the spin-off of Ingevity Corporation (NGVT).
Given my current set of rules, I would not purchase WRK today, since it is clearly outside of the "green zone". But for now, I am planning to hold it, since its yield is still quite nice, and it has had a nice increase in the dividend.
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