Today I added to my PM and XOM positions.
- PM: 30 shares @ $69.91 --- Yield 6.53%
- XOM: 30 shares @ $69.75 --- Yield 4.70%
Total capital invested is $4189.80 and the combined yield is 5.61%. These purchases will add $235.20 to my yearly dividends.
Lots of weakness in these two companies and I will probably add more as the PM yield approaches 7%. I will also watch MO closely and will go strong if the price dips into the $30s.
I only own XOM in the energy space right now. BP and Shell surprisingly have held up better than XOM. I will start adding to BP and Shell if the yields reach 8% or higher.
Another off the grid company is SMG. The share price has fallen by $50 from $110 to $60 pushing the yield up to around 3.5%. If it reaches 4% I will initiate a position.