I'm reporting my automatic purchases for this week (05/21):
I bought:
$1500 of COP
I used $1500 in new capital and added $61.68/year to my dividend income. This is an average yield of 4.1%.
My forward 12-month dividend income increased to $5524.61.
Note: I was due to add to COP and decided to go ahead and do so. I plan to add a little to CVX next week if prices hold since I'd like to increase my Energy sector exposure and I think CVX is at fair value.
I've also been extemely busy at work and I apologize in advance for not being able to read or comment on many other blogs lately.
Looks like a great buy to me. Increasing dividends at about 10% rate is not bad. I like your forward dividend income. Outstanding.
ReplyDeleteHi Martin,
DeleteIt's a little higher than what I wanted to pay. However, in this market I don't have a lot of options.
Thanks, I love seeing my forward dividend income go up every single week!
Take care!