12.14.2022

Hit the road PMT

As soon as the market opens tonight, our PennyMac Mortgage Investment Trust (PMT) holding will be sold off. Fortunately, we only have a small number of shares in the company. Tearing off the band-aid should be relatively painless.

The reason we choose to sell PMT is that they cut their dividend by 14.9% to ¢40/share. Their annual yield will be 10.86%, which is very good, but experience is that when the moving backwards starts, it usually stays. We will keep an eye on the company to see how it develops going forward. 

-
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

From Personality Tests to Portfolio Changes – And My Husband Wants to Start Swing Trading

A number of years ago, I took an extensive leadership training course. I was skeptical when they handed out personality tests and took them ...

  • Good but next year will be better
    This year, 8 of the year's 12 months will outperform 2023, the underperforming months being January, April, July and October. Although w...
  • The world's worst secret
    The people, exclusively mothers, that I have talked to about the sadness of the world's most perfect teenager prioritizing friends over ...
  • It is what it is
    Yesterday was when we should have received dividends paid on our endowment insurance with the award-winning  bank Nordea. Although one of th...