Here are my automatic investments for this week.
- KMI: 6.97 shares @ $35.88 --- Yield 5.46%
- CVX: 2.66 shares @ $93.99 --- Yield 4.55%
- XOM: 3.05 shares @ $82.08 --- Yield 3.56%
- IBM: 1.53 shares @ $163.80 --- Yield 3.17%
Total capital invested is $1000 ($250 in each company). The combined yield on these purchases is 4.19% and will add $41.85 to my yearly dividends.
Just like clockwork, IBM falls off a cliff the day after earnings. I love the yield and the low payout ratio. Now if they can get their act together and start growing revenues everything will be great. If not, I just added shares of Alcoa with a better yield. :-)
It has been well over a year since I have added to my Kinder position and this price is still quite a bit higher than my basis. Even so, this is the highest yield that I can remember thanks to constant dividend increases.
I finally closed out my BP covered call yesterday and made a $46.60 profit.
I also added $500 to my Lending Club account that should be available to invest tomorrow.
Stocks on my radar......big oil, and others near their 52 week lows.