Eaton Corp. (ETN) and I have agreed to an amicable divorce.
When we first got together, ETN had an attractive dividend, a low price, and a bright future ahead of it. ETN was a great choice for a partner. Today, ETN is still attractive, though less so. The dividend is still higher than average and the price, though rather high, seems to reflect expectations of higher profits going forward.
I almost decided to stay together with Eaton Corp. But my long-term goal made me decide to let it go and take the proceeds of our union and try to plant some seeds to try to grow an even bigger set of partners in the future.
The purchase, holding, and sale of ETN have together resulted in a net increase in cash available of about $216. The initial investment will be invested in another stock this coming Monday. The gains will be invested together with some earlier gains to make yet another purchase on the following Monday.
Next week's purchase will be an attempt to raise my quarterly dividends over the ones I received with ETN and/or to increase my annual dividend raises. The following week, I plan to invest in a lower yielding stock that might raise dividends even more generously in the future. Some of the stocks I am thinking about purchasing to fit this category are stocks I have owned in the past but do not own now, like DPS, LUV, NKE, SBUX, or V.
Smooches, Eaton Corp! I am glad that we will remain friends.
The march toward $560 per month continues. ...
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