Why I Sold Aviva and Bought AIB Group

In the latest Behind the Portfolio, I’ve made another change to my investment portfolio selling my position in Aviva and replacing it with AIB Group.

This wasn't simply a case of chasing a different dividend. It came down to the underlying numbers and what I want the portfolio to look like over the next few years.

Why I Sold Aviva

Aviva has been a solid holding for me, but there were a few things beginning to concern me.

One of the biggest was the payout ratio. I want the companies in my portfolio to generate sustainable dividends, ideally with plenty of room to continue growing those payments over time.

When I ran Aviva through my Stock Screener, some of its overall scores were also considerably weaker than alternatives I’ve been looking at.

That doesn't necessarily make Aviva a bad investment. It simply means that, based on the metrics I care about, I think there are potentially better opportunities for my portfolio.