Today I added to my BP & XOM positions.
- BP: 50 shares @ $34.19 --- Yield 6.96%
- XOM: 20 shares @ $82.55 --- Yield 3.63%
Total capital invested is $3374.30 and will increase my yearly dividends by $179.00.
My energy position recently dropped to 9% of total portfolio weight, so it doesn't hurt to add a few shares of these energy behemoths right now. If oil makes it's way back to $60, these will be a good buys. However, if oil drops back below $50 then look out below!
Forward dividends are around $7080.