I'm reporting my automatic purchases for this week (06/11):
I bought:
$500 of RDS.B
$500 of TD
$350 of CAT
I used $1350 in new capital and added $55.94/year to my dividend income. This is an average yield of 4.1%.
My forward 12-month dividend income increased to $5692.09.
Note: I just got back from a vacation trip to the Dominican Republic. Almost all of the heavy machinery I saw was Caterpillar. It's always nice to see first hand a company's presence in other countries. I plan to continue to add more CAT and RDS.B if their prices stay depressed.
Nice buys! I was wondering where you'd been. I sold a put option on CAT with the recent weakness in the share price. I loved that 15% dividend hike.
ReplyDeleteHey PIP,
DeleteThanks! Yeah I had a much needed trip for relaxation at the beach. I still had to log into WIFI a couple of times to check the markets. I'm with you on CAT, the 15% raise is huge. I plan to keep adding shares, especially since CAT is still below my cost basis. I don't have many companies below my cost basis in this market.
I'll have to look at CAT puts again. I sold two puts that I closed out in May for a nice profit. I wouldn't mind selling another one soon.
Thanks for stopping by!
AAI,
ReplyDeleteNice buys here. All pretty solid values.
I've started to take a look at RDS.B. The growth hasn't been outstanding, but they are in-line with most of the other supermajors. The entry yield is outstanding, and even with low dividend growth you're sitting on a decent return.
That CAT dividend raise was very nice. Definitely much larger than I had anticipated, as their dividend growth over the last few years has not been that impressive. Very nice!!
Best wishes.
Hey DM,
DeleteI'm on a shorter plan to FI sort of like yourself so I place more emphasis on starting yield than a lot of dividend growth investors might. I do like the company and they have a lot of natural gas exposure that I think rounds out my energy companies.
The CAT raise was definitely a little higher than expected but very welcomed. CAT's price is still depressed a little so they are looking even more attractive now.
Thanks for stopping by!
Some nice buys here. I may have to start looking at CAT, low 80's seems like a reasonable entry price. I'm thinking about initiating XOM this month, hoping for a small dip.
ReplyDeleteHI CI,
DeleteThanks! CAT is even more appealing now with the recent dividend raise. XOM would be high on my list if I was looking for an additional energy company. I think I will mainly just build up existing positions. I am making a new purchase tomorrow however in a materials company though.
Take care!