Sale BAX

Baxter-International-LogoThis next stock sale comes in no surprise to many of you. As I have mentioned in my previous sale post, Baxalta Inc. (BXLT) was the company that split its pharmaceutical business from Baxter International Inc. (BAX) in the middle of last year. I chose to sell Baxalta Inc. (BXLT) stake a few months ago to a number of reasons, but also just recently I have decided to go ahead and sell Baxter International Inc. (BAX) stake as well. For me, the company fundamentals no longer fit my investment criteria anymore. While I do believe the intentions were to bring more value to the shareholders, unfortunately it did not do so as intended. The split only lowered the dividend payout from $.52 per share to $.12 per share for Baxter International Inc. (BAX) alone. The over all dividend yield has shrunk to a measly 1.15% and I do believe that the money can be working harder elsewhere. Overall, here are my top reasons for the sale.

  • Reduced quarterly dividend
  • Unknown future for the dividend growth
  • Too low of a dividend yield

I sold all 23 shares of Baxter International Inc. (BAX) for the price of $39.10 lowering my annual dividend income by $10.58.

The 12-month dividend income decreased to $2,605.

4 Comments

  1. Investment Hunting on March 10, 2016 at 13:12

    Seems like a good time to sell. This comes to about $900 dollars. Do you have any stocks in mind to buy with this money or are you going to hold the cash for now?

    • DividendVet on March 11, 2016 at 08:36

      Usually I always hold a good sum of cash on the sidelines as an if anything money, but in this case I am looking at a few potential contenders such as TROW, HD or KMI. I have a feeling that the post will be out soon!

      Take care.

  2. Jonny Pean on March 23, 2016 at 14:44

    I have already got an inkling of what your next post might be.. Good luck with your potential buys …

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