Here we go again.
- BNS: 40 shares @ $37.33 Yield 5.41%
- GM: 50 shares @ $30.24 Yield 5.03%
- MMM: 11 shares @ $139.86 Yield 2.95%
Total capital invested is $4564.51. The combined yield of these purchases is 4.43% and will add $202.12 to my yearly dividends.
GM raised its dividend 5.55% earlier today from $.36 to $.38 per quarter. They also gave earnings guidance of $5.25 and $.5.75 for this year. I have owned shares of GM over the last few years and continue to think they are undervalued.
BNS is now trading at April 2009 levels....enough said. Falling knives are everywhere!