Here are my automatic investments for this week.
- SO: 4.50 shares @ $44.44 --- Yield 4.88%
- PG: 2.48 shares @ $80.72 --- Yield 3.28%
- WMT: 2.52 shares @ $79.36 --- Yield 2.47%
Total capital invested is $600 ($200 in each company). The combined yield on the purchases is 3.54% and will add $21.26 to my yearly dividends.
Even though PG and WMT did not raise their dividends by very much, they are both still very high quality businesses and should provide reliable and increasing dividends for many years to come. The fact that WMT has dramatically underperformed TGT in the last year also is a factor with my purchase. PG has been left behind by everything for the last couple of years. Typically companies like these don't accept losing ground to their rivals lightly. We shall see.
Companies on my radar for next week include to ones listed above as well as NOV, JNJ, CAT, AXP, PM, XOM, PFE, and KO.
Then again, I may not buy anything.
In other news IBM announced that it will be raising its quarterly dividend from $1.10 to $1.30. This is simply amazing!!! This is an 18.18% increase from last year and the new yield is 3.03%.
The ex-dividend date is May 6th and the pay date is Jun 10th.
Currently I own 37.33 shares so my yearly dividends will increase by $29.86. This increase alone increases my yearly dividends by $8 more than this week's purchases. Very nice!!!