- APU: 13.14 shares @ $45.66 --- Yield 7.71%
- BP: 11.67 shares @ $51.41 --- Yield 4.55%
- PAYX: 14.2 shares @ $42.18 --- Yield 3.60%
- CAG: 19.38 shares @ $30.96 --- Yield 3.23%
$100/week Challenge---Week 12
After 12 weeks I have added $1400.17 to my yearly dividends not counting DRIPs and dividend increases. My year end goal is to reach $14,500 in forward dividends/interest. Currently my forward dividends are around $11,700 (this is an estimate because some of the income is from mutual funds and high yield bonds). Doing some "back of the coaster" math I need to average about $117.00 per week for the rest of the year to reach my goal.
August through December changes.
Here is the hard part. I have been playing around on the fringes with high yielding companies like ARCP, ESV, and APU to reach my $100 week objectives. There is nothing wrong with these companies and I believe the yield is artificially high because they have been temporarily out of favor. DLR is another such example that was yielding close to 7% last fall after the REITs corrected. The price plummeted to the mid $40's and is now around $60 with a yield close to 6% after a large dividend increase earlier this year.
I actually like acquiring companies that are accidentally high yielders and periodically purchase companies that are part of the "Dogs of the Dow." This year's small dogs that I own include Intel, Cisco, Pfizer, General Electric, and AT&T. These have been good performers so far this year and I will continue using this strategy for part of my portfolio. With that said, I plan on buying the so called 800 pound gorilla companies starting in August.
Companies on my radar for next month and the rest of this year include:
JPM, JNJ, XOM, PEP, KO, MSFT, MCD, PG, MO, GE, AAPL, WFC, and CVX.
As is always the case, I will not rule out purchasing other companies, but these will get most of my attention.