Hello readers, it is Thursday night in Japan.
On July 20th I initiated a position in Duke Energy (DUK), specifically as follows.
- # of shares 34
- Average cost per share $85.2941
- YOC 4.2%
- Forward gross dividends for the next 12 months $121.04
I was inclined to put money in Sothern (SO) than DUK because SO’s yield is nearly 5% and its dividend growth rate is higher than DUK. But as SO has two problematic projects which has been delayed and cost overrun I judged that SO has serious project management issues and thought it is risky to bet on SO.
Disclosure: Long DUK