Earlier this morning I made 2 purchases. I bought 35 shares of Archer Daniels Midland (ADM) for $25.73 per share. My YOC for this position is 2.70% based on the current $0.70 annual payout. I also purchased 35 shares of Walgreens (WAG) $35.85 per share. My YOC for the WAG shares is 3.05% based on the current annual dividend of $1.10. Both Both companies are dividend champions with 36 and 37 year streaks of dividend increases. Over the last 10 years they have raised their payout by 13.0% and 18.9% annually. I'll be getting the next Walgreen's dividend payout in September but shouldn't be getting the Archer Daniels Midland seeing as how the ex-dividend date was today. The ADM shares will provide an extra $24.50 in annual income while the WAG shares will provide an extra $38.50.
These additions helped to bring my YOC for my FI portfolio up to 2.51% from 2.48% and my non-Halliburton YOC went down to 3.26% from 3.32%. With these additions to my portfolio I'm now on track to earn just over $700 in dividend income over the next 12 months before dividend increases.
I've been a little hesitant to make any new purchases because the market has been on a ridiculous run over the past 2.5 months or so.