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.
Depending on how the oil companies perform, I should be around $2600.00 in my taxable account.
Very nice purchases. Im considering averaging down for JNJ but who knows how much lower this market can goReplyDelete
I certainly have no idea what the market trajectory is, but buying JNJ each and every year sounds like a damn good investment plan!
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.ReplyDelete
I 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!
I 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!
I 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.
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.Delete
Wow, 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.ReplyDelete
You 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!
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.ReplyDelete
I want to catch up to you :)
Thanks 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. :-)
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.ReplyDelete
I 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.