I’ve fallen behind with regard to posting about some of my latest Portfolio transactions. However, I’m here now to rectify the situation.
The first transaction is one I’ve mentioned in a few previous posts. It involved a stock I purged and delayed posting about until I could reinvest the sale proceeds. Well, that reinvestment has finally been completed, and hence here’s the post to outline it all.
I made 6 transactions in total, comprised of 1 sell and 5 buys. Most of the purchases involved existing Portfolio holdings, but there was one new investment introduced to my Portfolio.
The stock I sold was from the Information Technology sector (where I typically try to add). However, there was a particular reason I decided to let the position go. More on this coming up.
Most of the sale proceeds I put back into Tech sector, but not all of it. Additionally, I tried to boost the standing of some of my smallest Portfolio positions.
All but a little over $100 was reinvested back into my Portfolio, so it was technically a net withdrawal from my Portfolio. However, I was able to boost my forward dividend income due to the higher yields of my new investments relative to the stock I sold.
Here are the details for this cluster of transactions I made over the past several weeks…
Skyworks Solutions (SWKS)
My SWKS position was one of the oldest in my Portfolio. I initiated my SWKS position way back in 2015 and rode through some wild price swings in the years that followed.
However, I was typically in the green with the stock. The stock provided double-digit dividend growth for nearly a decade before tailing off in 2024. That’s when the stock price of SWKS began to decline as well.
The downward price trend was primarily triggered by a global slowdown in the handset market, and concerns regarding the company’s heavily concentrated relationship with Apple (AAPL), which was close to 70% of the total revenue for SWKS. Additionally, AAPL shifted some of its component allocations for its iPhones away from SWKS, and the top-line growth for SWKS tumbled.
SWKS struggled with excess inventory in the quarters that followed, with guidance failing to meet analyst expectations. This in turn lead to downward earnings revisions.
After, a couple of bad years in 2024 and 2025, I began looking for an exit. I sold a chunk of shares in September of 2025, but should have unloaded it all at that time.
Just this past July, SWKS chose to eliminate its dividend, reallocating its capital ahead of its pending Qorvo merger. With SWKS no longer paying a dividend, I didn’t see a reason to keep it in my Portfolio. I didn’t take long to move on from the stock.
On 8/4/26, I sold all 125.862 shares at $66.10/share. The sale proceeds were $8,319.31, after the $0.17 SEC fee.
At my sale price, shares of SWKS yielded 4.30%. This yield was much higher than normal due to the share price drop SWKS experienced. This yield was about 1.7 percentage points higher than my current Portfolio yield of 2.61%.
With this sale, I realized a long-term capital loss of $1,357.10 and a short-term capital loss of $14.45. This SWKS sale didn’t result in any decrease in my annual forward dividend income, as I’d already accounted for the dividend elimination as a dividend cut when that was announced in late July.
Since my initial purchase back in August 2015 until this final sale, I calculate my annualized return for SWKS to be a paltry 1.82%. At least I stayed in the green despite the recent poor stock performance.
Here’s what I bought with the my SWKS sale proceeds…
Accenture (ACN)
I bought some ACN about 4 months ago. The price was depressed then as software stocks were being disrupted by the threat of AI. In the case of ACN, the fear was that AI would cannibalize their IT consulting business and advisory offerings. The stock recovered some, but has a long way to go to reach the heights of early 2025.
While ACN wasn’t one of my smallest holdings at the time of this buy, I decided to add some more shares nonetheless. Even though the stock has risen in price since my last buy, the stock remains undervalued to me.
On 9/9/26, I purchased 10 shares of ACN at $176.75/share, for a total of $1,767.50. The stock yielded 3.69% at my purchase price. This is roughly one percentage point higher than my current Portfolio yield. The purchase added $65.20 to my annual forward dividend income, putting an initial dent in the income I lost ($357.45) when SWKS eliminated their dividend.
As a result of the buy, my ACN position grew by about 18.5%. My ACN position has now grown to 64.046 shares. The buy also lowered my cost basis by a noticeable $9.56/share, to $228.39/share.
With the purchase, ACN climbed 6 spots in my Portfolio rankings. It rose up to become my 31st largest holding. ACN currently sits between UnitedHealth Group (UNH) & DNP Select Income Fund (DNP) in my Portfolio rankings.
VICI Properties (VICI)
With Treasury yields on the rise, analysts getting concerned over the company’s refinancing risk, and its rent caps trailing inflation, a rate-sensitive REIT such as VICI has experienced a declining stock price.
Despite the slump, I’ve chosen to hold on and even add a little to my position, as VICI was (and remains) my smallest Portfolio holding.
VICI is trading at a very low multiple relative to Adjusted Funds From Operations (AFFO). This fact, coupled with its 7%+ yield, and a 100% occupancy rate of the properties within its portfolio, support my notion that there is some value here.
On 9/9/26, I bought 10 shares of VICI at $25.275/share, for a total of $252.75. The stock yielded a lofty 7.12% at my purchase price. This yield approaches 3x my current Portfolio yield. The purchase added $18.00 to my annual forward dividend income.
With the buy, my VICI share total increased by just about 6.6%. I now have 161.753 shares of the stock. My cost basis slid south by just $0.28, from $29.79/share to $29.51/share.
VICI didn’t move in my Portfolio rankings, and remains at the bottom… my smallest holding. VICI is now chasing my newest holding, which I’ll discuss coming up.
Intuit (INTU)
To give you an idea of how far INTU has fallen this year, listen to this. The stock ended 2025 at a price of $662.42. I bought a share of the stock in early Feb. 2026 at $492.50. Now, I’m getting a 36% discount on that last buy price. Ouch.
AI disruption fears have hurt INTU, too. That, coupled with revenue growth forecast reductions, and lost market share for its TurboTax product have contributed to the decline.
The price decline in the stock tanked INTU and made it my 2nd smallest Portfolio holding. In order to bolster the position some and lower my cost basis, I added. This increased my Info Tech weighting ever so slightly, too.
On 9/9/26, I purchased a two shares of INTU at exactly $315/share, for a total of $630. The stock yielded 1.75% at my purchase price. This was nearly one percentage point below my current Portfolio yield. The buy added $11.04 to my annual forward dividend income.
With my small addition, my INTU position grew by 15.3%, and my share total finished at 15.06 shares. The purchase lowered my cost basis by a substantial $35.30/share, to $545.47/share.
Due to the buy, INTU rose one spot in my Portfolio rankings, becoming my 3rd smallest holding. INTU now trails Eastman Chemical (EMN) in my rankings, but is ahead of my newest holding, which I mention below.
Amdocs Ltd. (DOX)
Telecom operators have been cautious with their spending this year and this has created revenue visibility worries with DOX. Slower revenue growth and conservative forward profit outlooks, coupled with AI disruption anxiety from investors, have put a dent in the share price of DOX, too.
Short of revenue growth (which has taken a noteworthy hit), other underlying metrics don’t look bad. However, the poor revenue growth will probably show up in earnings in the coming quarters.
DOX is another small holding of mine that’s been crushed in price in 2026. Still, the stock looks undervalued, so I’m willing to enhance my position and wait for a recovery.
My DOX buy keeps some of my investment in the Info Tech sector, which is a nice bonus after my SWKS sale.
On 9/9/26, I purchased 20 shares of DOX at exactly $60/share, for a total of $1,200. The stock yielded a solid 3.79% at my purchase price. This was better than one percentage point above my current Portfolio yield. The buy also added $45.52 to my annual forward dividend income.
With my purchase, my DOX position grew by 25.9%, and my share total settled at 97.214 shares. The buy lowered my cost basis by a meaningful $3.31/share, to $72.75/share.
As a result of the buy, DOX rose in my Portfolio rankings by 7 spots. It went from my 3rd smallest holding to my 10th smallest. DOX is currently sandwiched in between NVIDIA (NVDA) and The Walt Disney Co. (DIS) in my Portfolio rankings.
Eaton Vance Enhanced Equity Income Fund (EOI)
EOI is a closed-end fund (CEF), focusing on investments in large-cap and mid-cap U.S. equities while writing call options on those equities to generate premium income. The fund was launched late in 2004.
The fund’s primary objective is to provide current income, with capital appreciation being a secondary objective. The fund writes call options to boost its dividend yield.
EOI doesn’t invest in a single sector, but has positions across many sectors. However, the fund is Information Technology heavy, with roughly 39% invested in the sector. Communication Services holds the next highest percentage at about 12%. The majority of the Magnificent 7 stocks are well represented in EOI’s largest holdings.
Distributions are made monthly.
Thanks to its option writing, the yield for EOI is north of 8%. This high distribution will bolster the retirement income I use for my living expenses. It also helped to recoup the last of the dividend income I lost with the SWKS dividend cut.
On 9/9/26, I initiated my EOI position by purchasing 220 shares at $19.81/share, for a total of $4,358.20. The fund yielded 8.10% at my purchase price. The purchase added $353.23 to my annual forward income.
My first monthly distribution payment from EOI ($29.44) should be delivered at the end of September, as I bought my shares before this month’s ex-dividend date.
EOI has a net asset value (NAV) volatility that is low for equity CEFs (Volatility is measured as the standard deviation of monthly NAV returns over the last decade.)
The fund does not use leverage to help magnify investment gains, as its leverage ratio is 0%… classified as very low for equity CEFs.
Currently, EOI has a yield that is right on par with its 5-year average of 8.06%. The fund also trades at an 8% discount to its NAV. Its 5-year average is 1% (slight discount). This suggests that EOI may currently be undervalued.
Compared to other equity CEFs, EOI has an average 10-year total return record of roughly 12.9%. This has topped the 9.7% return of other equity CEFs over that time. However, shorter-term returns (1 & 3 years) against other equity CEFs lags.
The volatility of EOI over the past 10 years is very low… lower than 72% of equity CEFs. The fund’s expense ratio of 1.10% is also on the low side for equity CEFs, lower than 79% of equity CEFs.
EOI has been assigned a ‘Borderline Safe’ dividend safety score (60 out of 99) from Simply Safe Dividends.
EOI entered my Portfolio as the 2nd smallest holding (a portfolio comprised of 53 stocks and now 4 CEFs). The position is smaller than Intuit (INTU), but bigger than VICI Properties (VICI).
At this point, for new Portfolio holdings, I normally take a quick look at the dividend growth history dating back to 2000.
However, given that CEFs don’t raise their distributions on a regular basis, I figured I’d forego the table. I will say that the fund has raised its distribution a few times in the past decade though. Their last raise (22.19%) was in April 2024. Previous to that was a raise in July 2021 (11.05%).
Summary
After selling SWKS in early August, it took me about one month to figure out what I wanted to buy to replace it, but it’s done now.
I bought 4 stocks (ACN, VICI INTU, DOX) and 1 CEF (EOI) with the sales proceeds from my SWKS purge.
Sadly, time has shown that it would have been better to hold off on my SWKS sale and wait longer to purchase the replacements. Oh well… at least the lost income from the SWKS dividend cut has been replaced… and then some.
Most of the SWKS sales proceeds was kept in the Information Technology sector, as ACN, INTU, DOX, and a good chunk of EOI resides there.
All the transactions resulted in a net withdrawal from my Portfolio of $110.86. However, my forward dividend income still increased by $135.54 thanks to the higher yields of my latest purchases.
With the sale of SWKS, I realized long-term capital loss of $1,357.10 and a short-term capital loss of $14.45. The annualized return for my SWKS investment over the nearly 11 years I held the stock was a meager 1.82%. Not the kind of annualized return I’m looking for, but at least my return remained in the green.
Since SWKS was eliminated from my Portfolio, EOI was introduced, and the remaining buys were of existing holdings, the number of holdings in my Portfolio held steady at 57.
When’s the last time you recall having a portfolio dividend unexpectedly eliminated? What did you do with that stock (hold/sell)? Have you found any undervalued stocks to add to your portfolio recently? I look forward to your comments!