Today I initiated a position in IBM.
- IBM: 25 shares @ $115.74 --- Yield 5.43%
Total capital invested is $2900.12 and will add $157 to my yearly dividends.
I should also note that GE effectively eliminated its dividend. It's new yield is close to ZERO. I have 100 shares or so and will lose around $48 in yearly dividends. Glad that position is small. I might buy a few hundred shares if the stock drops to around $5.