Here are three new additions to my fledgling dividend pipeline...
- CMI: 19 shares @ $80.90 --- Yield 4.85%
- DOV: 30 shares @ $51.86 --- Yield 3.24%
- JNJ: 16 shares @ $95.77 --- Yield 3.13%
To be honest, I had my hand on the trigger with COP, BBL, and CAT. I don't think anyone can fully appreciate how difficult it was to refrain from grabbing those three this morning. Who knows, maybe tomorrow....:-)
Total capital invested is $4646.07. The combined yield on these purchases 3.72% is and will add $172.88 to my yearly dividends.
FORWARD DIVIDENDS
Depending on how the oil companies perform, I should be around $2600.00 in my taxable account.
DEFY MEDIOCRITY
Very nice purchases. Im considering averaging down for JNJ but who knows how much lower this market can go
ReplyDeleteDFD,
DeleteI certainly have no idea what the market trajectory is, but buying JNJ each and every year sounds like a damn good investment plan!
MDP
Nice purchases MDP. Way to ease in. Nice to see stocks on sale. Nice diversification. It will head lower so happy hunting. I had to unload this morning too.. Hehe couldn't sit still.
ReplyDeleteCheers buddy.
Hustler,
DeleteI can't wait to see your moves buddy! Blood is once again in the water and some of it is mine...LOL
Keep grinding away!
MDP
MDP,
ReplyDeleteI think you made the right call. It is slightly more defensive, and definitely very forward thinking. I like all those stocks as good long term purchases. In particular I am eyeing DOV as a new position and JNJ, but I probably have my arsenal pointed in another direction also (just went long today on AMP).
Enjoy the income!
- Gremlin
DG,
DeleteI had never heard much about DOV until recently when checking out Div Hut's blog. Great dividend history and a pretty solid entry yield. AMP looks interesting. I'll have to check it out further.
MDP
Hut has one of the best view-able portfolios out there. It is strong and defensive across a lot of sectors and does not chase yield, but utilizes a long term horizon.
DeleteWow, that's how you get to the 5-figure dividend income, buying low! LOL. I added a couple of grands today myself on BAC. If it's going to be 2009 all over again, I'm willing to work the extra 5 years so I can be set for life just on dividend income alone.
ReplyDeletevivianne,
DeleteYou are dead on! Buy low when people are scared. Hell I'm scared sometimes as well, but I keep forging ahead. Great job picking up more BAC shares. I'll be watching your progress!
MDP
I like the JNJ call. Unfortunately our CDN dollar is not helping me buy more U.S. assets right now. Well done on the growth, killer work in recent years.
ReplyDeleteI want to catch up to you :)
Mark
Mark,
DeleteThanks for stopping by and commenting. I know the exchange rates have been crazy recently. I actually picked up TD and BNS recently at multi year lows. These are the times to really hold our noses and keep building the portfolios. :-)
MDP
Continuing with your heavy buying. I know these prices, values and yields are really, really tempting. All three are awesome buys that I can get behind not to mention CAT that you almost bought as well. Serious yield with some real deal companies behind it.
ReplyDeleteDivHut,
DeleteI hear you about temptation. Many companies outside energy are trading at very enticing price levels. I think these opportunities will last a while longer this time. The railroads are looking really good here this morning I see.
MDP