Today I added to my MO position and initiated a new position in ABBV
- MO: 30 shares @ $47.70 --- Yield 6.71%
- ABBV: 20 shares @ $66.49 --- Yield 6.44%
Total capital invested is $2760.80. The combined yield is 6.58% and will add $181.60 to my yearly dividends. These are commission free trades through Chase.
This is my first stock purchase since January. I'm always interested in adding shares of MO especially when the yield is around 7%.
While the market keeps reaching new highs, ABBV continues its painful descent having dropped almost $60 a share over the past year and a half. Hopefully the dividend is safe. I would hate to see it follow the paths of TEVA, GE, and TUP.