Tuesday, May 9, 2017

Recent Buy --- GIS


I added a few more shares to my GIS position.




  • GIS:  30 shares @ $56.25 --- Yield  3.41%

Total capital invested is $1694.45 and will add $57.60 to my yearly dividends.  I was on the fence today and had a difficult time choosing between GIS, XOM, T, & VZ. I took the more defensive of the choices and now have 170 shares of GIS.

I am really loving the grind of climbing back up the passive income mountain. Kinda reminds me of the summer of 2014.....fun times for sure!!

Forward dividends are $9060.

DEFY MEDIOCRITY

19 comments:

  1. Great buy, This is a company that i need to get into.

    ReplyDelete
    Replies
    1. FV,

      Thanks! I'm almost at a full position, but I may buy more if the price drops.

      MDP

      Delete
  2. Nice add on. Was getting ready to buy and the price shot up like 5% on 3G rumours. Glad to see it's back down. I have a limit order so we'll see what happens.

    ReplyDelete
    Replies
    1. ADY,

      I know it! The price spiked to $60 on Friday I believe and then came back down to the mid $50s. Crazy stuff! Good luck with your order.

      MDP

      Delete
    2. Had a limit order at $55.50 but decided to buy 100 today @$56.46 and another 100 if the price drops 10-15% from here.

      Delete
  3. GIS is the name of the day. I just picked some up myself and others too from what I have been reading. Buy when others are crapping all over the stock. Like MCD or JNJ of a few years ago.

    “The safest and most potentially profitable thing is to buy something when no one likes it.”

    Howard Marks, CFA – Co-Chairman, Oaktree Capital

    ReplyDelete
    Replies
    1. DivHut,

      You hit the nail on the head. I would definitely be buying MCD back in the 90s and especially AAPL in the $90. This is too good of a company at too cheap of a price.

      MDP

      Delete
  4. Can't go wrong with that buy. I've been eyeing that stock for what feels like forever! And that forward dividend income... can't wait until I've got as much coming in as you do. Keep that train rolling forward, Pipeline.

    ReplyDelete
    Replies
    1. DR,

      It's a steam engine and I keep putting coal into the fire!

      MDP

      Delete
  5. I love GIS - one of my first four dividend growth stocks that has anchored my portfolio for years. It's already a large position in my portfolio, but I would consider adding more shares if the yield hits 3.6%.

    ReplyDelete
    Replies
    1. DM,

      It very well may and is pretty close to that yield right now. I wouldn't mind overloading a bit myself.

      MDP

      Delete
  6. MDP -

    Just a small "add" to GIS haha; great work there; over $9K, aiming for $10k...

    -Lanny

    ReplyDelete
    Replies
    1. Lanny,

      Just a nibble! Always pushing!! That's my way of life.

      MDP

      Delete
  7. Excellent income and that forward income is continuing to grow. how fantastic is that!

    ReplyDelete
    Replies
    1. BHL,

      It's great and difficult at the same time. I'm always grinding trying to achieve the things I want most in place of the things I want now!!

      MDP

      Delete
  8. Nice investment. GIS looks to be a good company altough a bit stuck on growth.

    ReplyDelete
    Replies
    1. 2035,

      The growth is tough in packaged foods right now, but it should be a stable and hopefully slow growth name in the coming years.

      MDP

      Delete
  9. Bought what I could last week to start a position. I'd double that today if I could. Seems to me a "set it and forget" stock for the long haul.

    ReplyDelete
    Replies
    1. Dividism,

      I tend to agree. I don't see too much more downside volatility and the starting yield is pretty good. If it drifts into the low 50s I'll likely add a few more shares.

      MDP

      Delete