- ARCP: 38.55 shares @ $12.95 --- Yield 7.72% (initial position-speculative)
- ESV: 9.73 shares @ $51.30 --- Yield 5.85%
- KMI: 15.13 shares @ $32.97 --- Yield 5.09%
- BP: 9.88 shares @ $50.50 --- Yield 4.63%
- VZ: 10.66 shares @ $46.82 ---Yield 4.53% (initial position)
Total capital invested is $2500.00 divided equally amongst all five companies. The combined yield is 5.56% and will increase my dividends by $138.82.
Note: BP dividend yield is based on an increase from $.57 per quarter to $.585 per quarter. This was announced earlier today.
$100/Week Challenge---Week 1
I am pleased to announce that I surpassed $100 for this week. Due to the speculative nature of ARCP, I would like to note without ARCP my dividends will still increase by $100.33 + $16.80 (IBM increase see below).
The only financial sacrifice made this week was when my wife asked me to take our dog to the groomer. By grooming I don't think she expected me to take the dog to the bath tub and wash her myself. :-) Even $45 can add up over time. It's the small sacrifices compounded that yield long term results.
IBM announced today that it will increase its quarterly dividend from $.95 per quarter to $1.10 per quarter. This is a 15.79% increase. Since I own 28 shares my yearly dividends will increase by $16.80.
All in all this has been a good first week.