I decided to take advantage of a MO downgrade today and add to my position.
- MO: 50 shares @ $44.64 --- Yield 7.17%
Total capital invested is $2232.00 and will add $160 to my yearly dividends.
I'm definitely overweight in both MO and PM, but these two have always been reliable dividend payers and growers. With a 7% initial yield it seems like a no brainer to keep adding.