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.

Comments

  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.

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    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

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  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.

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    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!

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