I'd been sitting on over a 300% gain on my shares of UVE for a few years now and with the recent run up in price, I decided it was time to sell. I decided to invest the cash in CHY. While I don't expect to see their share price increase like UVE, they pay a monthly dividend which amounts to more than 5 times what I earned from UVE! It will also increase my total monthly cash flow from dividends by over 3%! I collected UVE's latest dividend this month and I will start collecting dividends from my new position in CHY in April. What I like most about the whole deal is I accomplished this with no money out of pocket. All in all, I think it's a great move!
Now I just have to figure out how to repeat the process every month for the next 4 years or so. Wish me luck.
Monday, March 12, 2018
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