Tuesday, January 22, 2019

Recent Buy -- MO


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.

DEFY MEDIOCRITY

12 comments:

  1. nice buy pipe!
    if i had usd id be all over mo.

    hopefully it stays this low.

    cheers!

    ReplyDelete
    Replies
    1. CPI,

      It's crazy how beaten down MO has gotten. I remember it being super low in 2000 as well. The yield was actually over 8% at the time. Then during the dot com crash, MO surged big time and was a great long term performer.

      MDP

      Delete
  2. Fantastic purchase. And at that yield. Wow well done.

    ReplyDelete
    Replies
    1. BHL,

      I want to stay balanced with my stocks, but this is a dream come true with MO. May buy some more.

      MDP

      Delete
  3. I bought 3 shares today and 3 of another stock

    ReplyDelete
    Replies
    1. DAH,

      Glad you were able to take advantage of the share drop!

      MDP

      Delete
  4. MO has been on my mind too. Added to my ROTH and taxable account this month.

    ReplyDelete
    Replies
    1. DivHut,

      Any time the noise on the street is that people will never smoke again, it's a buying signal. PM and MO are great ideas right now!

      MDP

      Delete
  5. I just bought 100 shares of MO on Tuesday as well, then I saw PM down 4% today and added 50 shares there too. If I understand the history correctly, the reason these have been such great long term stocks is that folks always think the end is around the corner for tobacco. Hence, you can reinvest and compound at cheap price year-after-year. I suppose the minimal needs to reinvest capital in the business also helps.

    ReplyDelete
    Replies
    1. Anon,

      Those two will make ya rich!

      MDP

      Delete
    2. Agreed. Between these, T, XOM, F, WFC, JNJ, there seem to be a lot of fairly valued dividend artistocrats offering themselves right now.

      Delete
  6. Seems like we are in line on the stocks to buy when they go on sale. I grabbed 100 of these to add to my collection of MO and PM. Great times! Cheers!

    ReplyDelete