Change to Income and Growth Portfolios
On this blog I track a couple of portfolios, a Growth and an Income portfolio. The components of these protfolios are stocks that I have researched and believe will provide above market returns over time. The Income Portfolio consists of high yield dividend paying stocks. The Growth Portfolio is a little more complicated, holding growth companies, turn around and contrarian plays, and stocks that provide some trading opportunities.
I have written a couple of articles over the last few days concerning Terra Nitrogen Co. LP (TNH: 87.45 0.00 0.00%), a component of my Income Portfolio. I believe the high dividend days for this company are over, and a majority of the cash flow with go to Terra Industries instead to the shareholders of TNH. For this reason, I am dropping TNH from my Income Portfolio.
I will be adding Terra Industries (TRA: 45.99 0.00 0.00%) to the Growth Portfolio. In this article, I discussed the cyclical nature of TNH’s stock price. I will be looking for a similar pattern for TRA.
In my portfolios I have been tracking an equal dollar amount of each of the stocks starting each calender quarter and rebalancing each 3 months. I am working on a portfolio tracking system to be available on this site where I will make actual portfolio decisions concerning the timing of stock purchases and sales. Keep tuned!
Note: I currently do not hold a position in either TNH or TRA.
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Please explain TRA’s dividend. They just announced a $100 million availability to common stock holders, but no explanation of when or how much per share.
Thanks,
JB