When it's time to draft players (stocks) for my team (portfolio) it never hurts to add these guys...
- XOM: 2.94 shares @ $85.04 --- Yield 3.43%
- JNJ: 2.51 shares @ $99.61 --- Yield 3.01%
Total capital added is $500 ($250 in each company). The combined yield of these purchases is 3.22% and will add $16.10 to my yearly dividends.
I decided to take it easy today as I made a larger investment in Shell yesterday, not to mention a Trans Am last week. It looks like energy companies are front and center again along with REITS and Canadian banks. The railroad companies are commanding some attention as well.
I looked over my portfolio and aside from the over-exposure in energy, I noticed that my company count is getting a little high for my liking. I am going to focus on the businesses I already own and either maintain or reduce the company count. If I see a new business I like, I will add it to the portfolio with the plan of reducing a position somewhere else. It's getting a bit cumbersome at these levels.
Not that it should matter too much, but I have companies like PM, BP, T, RDS-b, and HCP that pay $600-$850 a year in dividends and companies like NOV, WM, CAG, PEP, WMT, BAX, and AFL that each pay under $150 a year. I guess over time it equalize, but I don't like the balance right now.
Companies on my radar for next week include JNJ, PEP, XOM, NSC, KMI, WPC, and SO.