This morning I set a limit order in my Roth IRA to pick up some more shares of Norfolk Southern Company. I was able to purchase 11 more shares at a price of $60.96. This was exactly $1.00 lower per share than my purchase last week. My fair value price for NSC sits at $67.03, so I was able to pick up the shares at a 9.50% discount. This pretty much exhausted my capital for my Roth IRA until I can add to it next year. Our MAGI should be less than the limits for next year so we should be able to continue contributing to it.
The latest purchase brings my total share count of NSC to 51 shares. The last ex-div date already passed so I won't be getting paid on these shares until next year. This brings my YOC for the NSC position up from 3.12% to 3.14% and increases my forward dividends from $80 to $102. This purchase lowered my cost basis on the position by 0.83% today $63.61 which is a 5.10% discount to my fair value calculation.
My forward 12-month dividends for the entire Roth IRA portfolio now sits at $202.08 with a YOC of 3.01%.