Table Takeaways

PFLT has appreciated 12.08% in 2019, from $11.76 to $13.19. This has cut my DRIP yield 1%. My average unit cost is $13.33, so even after this great first quarter, I’m actually still down on this stock .081%. I don’t know if there could be another 15% rally, but that would be what I need to start selling this stock. If you factor in the dividend payments, I’m up 6.41%. In reality, it is better that this stock stays low because I have only owned 15% or 287 of my shares longer than a year. If there is another 15% rally, I may not have enough long-term shares to sell off to re-balance my portfolio properly without suffering the short-term tax burdens.

However, at the end of the day, I’m not going to be upset with a 15% rally. Most analyst are rating this stock a hold, so they seem to think there is still a bit more gas in the tank.