Today I initiated a position in GWW.
- GWW: 10 shares @ $174.96 --- Yield 2.92%
Total capital invested is $1756.50 and will add $51.50 to my yearly dividends.
GWW has taken a beaten in recent months falling almost $100 a share. Like M, KSS, TGT, and many other retailers, Amazon has been looking over their shoulder. It's tough in retail right now. Amazon can't sell everything to everyone, can it??
At close to 3% the yield is appealing and should be easily covered going forward. I'll likely add more shares around the $150 range if it falls that far.
Forward dividends are $9450.00