Today I initiated a position in CSCO.
- CSCO: 115 shares @ $30.38 --- Yield 3.42
Total capital is $3500.25 and will add $119.60 to my yearly dividends. I haven't done the exact math, but this purchase gets me to $6,000 in forward dividends. I have owned CSCO in the past and am glad to add shares once again, even though at a much higher buy price. The yield and dividend growth have been strong in recent years and makes a great complement to my MSFT position!
Hopefully the next couple of months provide better opportunities to add to existing positions. If we could duplicate Jan/Feb of 2016 that would be wonderful. It's really kills me that BA was trading around a $100 earlier this year and now has a $5.68 annual dividend. I bought and sold shares earlier this year and I could have had a 5.5% YOC. Crazy. Same story with CMI and many other industrials.
Forward dividends are around $6000.