Let's start November off right with a purchase after I made 7 in October. I decided to go on and take the chance to average down a bit in my Walgreens (WAG) position. I initiated the position back in August by purchasing 35 shares and today I picked up another 32 shares for $35.06 each in my FI portfolio. I now own a total of 67.275 shares of WAG since I'm currently reinvesting dividends in most of my positions. Now that my expected forward dividends are starting to be a significant amount, I will probably be turning off the DRIP soon and selectively reinvesting the dividends into the best opportunities that I see at the time. The Walgreen's purchase gives me semi-related exposure to the healthcare industry. I need to add more to that portion of my portfolio since PFE is the only stock that is a pure-play health care company.
The new shares will add an extra $35.20 per year in dividends before any future dividend increases or reinvestment. I'll also be receiving their next dividend payout in December, $8.80 for these shares, since the upcoming ex-div date is on November 7. The 32 shares have a YOC of 3.12% and increased my WAG position YOC from 3.05% to 3.08%. My forward 12-month dividends for my FI portfolio now sits at $1,345.36.
Since I purchased these shares for lower than the original purchase, I was able to lower my cost basis per share for the entire position. My cost basis after the first purchase was $36.07 and now with the new shares the cost basis sits at $35.71 or 1.00% lower than before. It's always nice to get a chance to lower your average share price in a company that will be able to continue it's DG for a long time to come.