Here are my automatic investments for this week.
- PM: 7.09 shares @ $84.45 --- Yield 4.74%
- BBL: 10.07 shares @ $59.56 --- Yield 4.16%
- MCD: 6.40 shares @ $93.54 --- Yield 3.46%
- KO: 14.48 shares @ $41.44 --- Yield 2.94%
- XOM: 6.18 shares @ $97.16 --- Yield 2.84% (Initial position)
Total capital invested is $3000 ($600 in each company). The combined yield on this week's purchases is 3.63% and will add $108.84
to my yearly dividends.
$100/week Challenge---Week 21 S&P 500: 1996
BBL continues to drift lower and really looks good over 4% yield. I wanted to buy shares of MO, but it keeps surging so I opted to add to my PM position. MCD is getting close to a full position and should receive a nice dividend raise in the next couple of weeks. To balance out the high yielders I added some more shares of KO and started a new position in XOM. I plan on adding more to XOM until it gets close to equal weight with CVX and ultimately with BP.
Several months back I mentioned that I wanted to reach $14,500 in forward dividends by the end of the year. At the time I was tracking for maybe $12,800, so I needed to really ramp up purchases. I am currently tracking $14,500 but I must continue increasing each week by at least $100.00.
I have been working six days a week, 10-11 hours a day for the past year. I checked the math and I just realized that I will spend over 300 days this year at the office. Hopefully the sacrifice will continue to pay...well you know....dividends.