Today I added PM to my dividend portfolio.
- PM --- 50 shares @ $88.59 --- Yield 4.70%
Total capital invested is $4436.33 and will add $208 to my yearly dividends.
Last year I owned over 200 shares of PM and sold out I believe around this price at the end of the year. This is an interesting company that feels like it should trade around $100, but just as easily could fall down to $75. I have a hard time understanding it's perpetual "little brother" status compared to MO. I'm glad that I own shares of both companies once again and look forward to the January dividends.
Forward dividends are now around $5000. 6K by year end?? Well of course that is going to happen. I do hate buying into new all time highs seemingly every month.