Today I purchased shares of PM and CAT
- PM: 50 shares @ $81.95 --- Yield 4.88%
- CAT: 50 shares @ $80.25 --- Yield 3.49%
Total capital invested is $8130 including commissions and the combined yield is 4.19%. These two purchases will add $340.65 to my yearly dividends.
PM is now my largest position followed by T, BP, and GE. Forward dividends are now back above $15,000.
DEFY MEDIOCRITY
Just Ripping it up! Good job MDP. Awesome. Feels great it's too addicting. I'll be right beside you bud. Take care.
ReplyDeleteDH,
DeleteAddicting is a fair way to describe things. I am more interested in making up the lost ground with the ESV cut. My plans were to slowly add this month and next, but my taxes are looking better than I originally thought.
MDP
MDP,
ReplyDeleteKeep it up. Never been able to bring myself to buy PM, but it is an awesome stock. CAT has been one I have wanted for a while along with DE. In my job heavy equipment is used fairly regularly between projects - and operators have never said anything bad about CAT systems.
- Gremlin
DG,
DeleteThanks for the insight. CAT is fairly cyclical so it could drop quite a bit further, but that is ok as I would just continue adding more shares. At 3.5% yield it looks very good to me.
MDP
MDP, that's some serious kicking ass and taking names. I would have pulled the trigger on CAT near $80 this morning as well if funds were available. Nice moves!
ReplyDeleteBest,
DWC
DWC,
DeleteYeah that ESV cut has put me behind pace. I should have bought PM a couple weeks ago at 80, but this is a decent price and CAT is near the yearly lows.
MDP
MDP, I got hit hard by ESV as well so I feel your pain. All you can do is keep pushing ahead.
DeleteNice pick-ups. I will be joining you soon. Both stocks look very attractive to me.
ReplyDeleteDD,
DeleteThanks and best of luck with your purchases. I feel confident adding to these two year in and year out.
MDP
Great pickups MDP. Talk about making a statement. You weren't going to let the recent dividend cuts get you down. So happy to hear you are back above $15k in forward dividends.
ReplyDeleteFD
FD,
DeleteThe ESV cut was an annoyance as I dropped over $600 in yearly income. These two purchases gets half the loss back. Hopefully by the end of April, I will be back in the up 15K range.....with more reliable payers.
MDP
Holy crap did I read that right? $8130 capital invested? That's amazing! Adding $340 in forward dividend is pure awesomeness.
ReplyDeleteTawcan,
DeleteYeah I came out of hibernation today, but will slow back down and hopefully resume bigger purchases in May.
MDP
Great purchases MDP. PM is looking very attractive right now and I am planning to purchase a bit myself to increase my position.
ReplyDeleteDGJ,
DeleteThanks. I just could resist after a decent pullback in both companies.
MDP
I'm strongly considering opening a position in PM, and I nearly bought some today as a matter of fact but added to my existing PNY position instead. I'd like to add PM to my portfolio soon though, I think it would compliment my shares in MO.
ReplyDeleteCaptain,
DeletePM was touching $80 a couple of weeks ago, but I wanted better visibility on my tax situation. It may drift back down a couple of bucks. I think anything around 5% yield looks very enticing.
MDP
Nice buys MDP...both stocks are high on our radar. Definitely candidates for March purchases.
ReplyDeleteAnd way to add another $340 to your annual dividends! Keep up the momentum. AFFJ
AFFJ,
DeleteYeah the $340 gets more than half of my ESV loss back. I will slow things down for the next couple of months.
MDP
AND he's back... can we see gonna an 8K / week challenge for the rest of year now ??? Hehe, great move on both company's man! So excited for those extra dividends to show themselves!
ReplyDeleteRyan,
Delete$8K a week huh? I would need to invest in a coffin at that rate. :-) I will go back into semi hibernation mode for a couple of more months. I just couldn't resist picking up the two great companies.
MDP