Today I added to my Shell position.
- RDS-b: 30 shares @ $59.88 --- Yield 6.28%
Total capital invested is $1810.30 and this will increase my yearly dividends by $112.80.
I have done my best to stay away from oil companies during the past three months, but I had some money in my pocket today and Shell is in the 50s. I was going to wait until next Tuesday to add to my oil positions with my weekly purchases, but pulled the trigger today. BBL was also tempting but I have a smaller position in Shell so I went that direction.
Am I crazy for making this purchase?? We'll see. A year from now I am going to have a lot of dividends coming from big oil companies or will have a lot of blood dripping from my portfolio.