To close out May, I decided to go on and purchase some shares of Chevron. I've been eyeing shares for a while now and finally pulled the trigger. I think I was early on the purchase because there's still about 2.5 more months until the next ex-dividend date which should come around the middle of August but I chose to go on and make the purchase. And of course right after my limit order triggered, the markets decided to sell off pretty hard to end the day and I could have picked up the shares for about 1% cheaper. In the long run though that 1% won't make that big of a difference, especially since I plan on averaging down my cost basis should Chevron's share price continue to sell off.
As I said, this was a small position as I only purchase 15 shares of Chevron for $124.20 each. I try to make my purchases at least $2,000 to try and limit transaction costs and will go with a larger stake whenever I pick up more shares. After commission, my cost basis was $1,870.95 or $124.73 per share. Based on the current annual dividend of $4.00 per share, I can expect to receive $60 in annual dividends before further increases or reinvestment. These shares will carry a YOC of 3.21%.
This purchase brings my FI portfolio's YOC to 2.97% with a YOP of 3.09%.
I've updated my Portfolio page to reflect the purchase.