Today I started a position in P&G.
- PG: 30 shares @ $83.67 --- Yield 3.20%
Total capital invested is $2516.99 and will add $80.40 to my yearly dividends.
Yesterday both Procter and Coke were downgraded to sell by Goldman Sachs with target prices of 77 and 39 (target yields of around 3.5%). Both are due for dividend raises soon. I'll definitely use the opportunity to add to both positions if they display further weakness.
Also GIS is closing in on $60 so I am certainly looking to initiate a position soon.
Forward dividends are around $6200.00
Nice buy! I have shares on PG. I am eyeing on KO, and would like to buy a lot if it ever drops below $40.
ReplyDeleteMU,
DeleteIt looks like KO is getting closer to $40. I last bought at $39.99 on a limit order a month or so ago. I would love to add more!
MDP
Solid Bobby Orr Score MDP! I got my eye on this bad boy as well! Will add more just below $80, if it gets there. Salivating at the thought of adding GIS below $60. Cheers!
ReplyDeleteAnon,
DeleteGIS below $60 sounds really good. I'll be watching as well!
MDP
I had some capital from the sale of some gold and silver trades and grabbed GIS / PG / and a small position in LB keep it up you are inspiring for my 24 year old self
ReplyDeleteAG,
DeleteThanks for the kind words. GIS and PG are high on my list right now! I need a true food company in the portfolio. Would rather get MCD, but the price just won't come down far enough. GIS is a great alternative.
MDP
Nice buy MDP!
ReplyDeleteIndeed the Consumer Staples are finally getting a better value. UL is in the same boat as is SJM. I guess we should thank Wall Street for downgrading bread...
- Gremlin
DG,
DeleteI agree with UL. Especially below $40.
MDP
I like this buy. I was going to add this to my watchlist as well. Cheers! 10
ReplyDelete10,
DeleteSounds good. Keep building that portfolio! You're doing great.
MDP
MDP -
ReplyDeleteWelcome to the PG club, eyeing them down, as well, and there are 7 days before they go ex-dividend... keep that in mind in case they go lower. I may scoop up some more to get to the position I want with them. Love their brands. Div increase come April.
-Lanny
DD,
DeleteYes it would be great to get a full 4 quarters of dividend payments out of this iconic company. Keep killing it over there!
MDP
Good buy. I sold a put on PG yesterday. If it drops a few bucks, I'll be the proud owner of 100 shares.
ReplyDeleteIH,
DeleteYou are really throwing the lines out into the water! I love watching the big action moves.
MDP