Tuesday, August 14, 2012

Recent Buy

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.


  1. Nice buys here. I haven't watched WAG very closely but ADM appears to have some solid value at current prices. I almost purchased it myself a couple days ago, but settled on MCD.

    Sounds like you made a couple of great purchases and really added to the annual dividend total!

    Best wishes.

    1. Thanks for stopping by! I can't wait for September to roll around when the majority of my portfolio pays out. Hopefully we can get a bit of a pullback soon so picking out solid dividend growth stocks is more like shooting fish in a barrel. Even after the purchases I've still got just under 20% in cash. Great to see you back

  2. Nice purchases! I already own ADM, but I came close to buying more shares recently. I have also been watching WAG.

    Like you, I have been hesitant to buy anything because of the recent market run. I keep wishing for a nice dip that never seems to come.

    1. If only we can get that ever elusive pullback. My cash keeps piling up and is making me want to buy to satisfy that itch I.

      Thanks for stopping by!