SSE sold before dividend cut.
Posted: April 6th, 2023, 10:03 am
As I hinted on another thread, seeing that there's a decent profit to be taken on my SSE shares and an opportunity to increase portfolio yield I have sold my SSE prior to the dividend reduction. I expect SSE shares to immediately break 2000p as a consequence!
I have reinvested the proceeds back into renewable energy stocks. That was my primary reason for holding SSE, bought prior to Dogger Bank FID. The proceeds have been spilt between NESF and ORIT. Both stocks will hopefully provide a lift to portfolio income beyond what the cut SSE stock would yield. And both are completely focused on developing their renewable energy businesses.
A decent share price for selling SSE and recent interesting news from NESF and ORIT made my mind up. Especially interesting announcement today from ORIT finally flipped the switch.
I have reinvested the proceeds back into renewable energy stocks. That was my primary reason for holding SSE, bought prior to Dogger Bank FID. The proceeds have been spilt between NESF and ORIT. Both stocks will hopefully provide a lift to portfolio income beyond what the cut SSE stock would yield. And both are completely focused on developing their renewable energy businesses.
A decent share price for selling SSE and recent interesting news from NESF and ORIT made my mind up. Especially interesting announcement today from ORIT finally flipped the switch.