Today I initiated a position in NKE.
- NKE: 40 shares @ $50.99 --- Yield 1.41%
Total capital invested is $2046.55 and will add $28.80 to my yearly dividends. I believe NKE was the best performing DJIA stock in 2015 and is currently the worst performer in 2016. The payout ratio is low as is the yield, but I think the dividends will continue to grow quickly and will give a YOC of 3% within a few years.
Forward dividends are just under $5900.00. I will absolutely reach $6000 within the next couple of days.
DEFY MEDIOCRITY
MDP -
ReplyDeleteHopefully you grabbed some Jordans or Lebrons with that purchase! Keep it going, 3 days left.
-Lanny
Lanny,
DeleteI probably have one more purchase in me for the year.
MDP