Thursday, June 4, 2015

Stock Purchase: CVX


Today I added to my position in Chevron.

  • CVX:  10 shares @ $101.66 --- Yield  4.21%

Total capital invested is $1023.55 and will add $42.88 to my yearly dividends.

It was difficult deciding between WPC and CVX this morning. In the end I went with the more powerful company and will continue to monitor WPC as well as HCP.

5 comments:

  1. Nice purchase, MDP.
    Cant go wrong with CVX and that yield. If I didnt have enough of investment in energy, I would buy more CVX at these levels.

    Best wishes
    R2R

    ReplyDelete
    Replies
    1. Roadmap,

      I am a bit heavy in energy as well so I try to add other non energy companies around my energy purchases just to keep things somewhat balanced. I never expected oil prices to stay down for so long. I guess I should have expected the unexpected. :-)

      MDP

      Delete
  2. Great buy! I purchased CVX at $110.09 back in April - oops. I currently have a limit order set at $100 to average down my position. Thanks for the update!

    Ken

    ReplyDelete
    Replies
    1. Dividend Empire,

      My basis in CVX is probably around $113 or so. This is the lowest I have paid for shares and have paid in the 120s a year ago. Don't look back. Keep focused on adding solid companies and you will do well over time.

      MDP

      Delete
  3. CVX has been selling off some really great assets for a song (especially in New Zealand and Australia). I have been shorting CVX using puts for nearly a year.

    ReplyDelete