I had two purchases go through this week. On Wednesday, August 20th I had an order for Mondelez International (MDLZ) and VF Corporation (VFC) go through. The starting yields on both are pretty low but I'm fairly confident that both will provide dividend growth rates well above inflation for decades to come.
- MDLZ - 0.6968 shares @ $35.88 / 1.67% YOC / $0.42 annual dividends
- VFC - 0.3925 shares @ $63.70 / 1.65% YOC / $0.41 annual dividends
Meager beginnings for sure but eventually I expect to ramp up the contributions so I can make sure to invest some capital every month and dollar cost average my way into positions. The 1% cash back that I get for using my credit card doesn't hurt either. That's like adding 1% to the first year's yield.
My forward 12-month dividends for my Loyal3 portfolio are now at a whopping $1.56. Adding that to my FI Portfolio and my forward 12-month dividends are at $4,965.14. That's 99.30% of the way towards my goal of $5,000 by the end of the year and I'm looking forward to surpassing and then raising my goal with my next purchase in my FI Portfolio.
I've updated my Portfolio page to reflect these additions.
If you want to open an account and Buy Stocks Fee-Free$0 fees to buy and sell stock.Open a free online account today. (Affiliate Link). Whether you use the link or not I still think Loyal3 is a great platform if you're looking to invest small amounts of capital for free.
Have you started a portfolio with Loyal3? What companies are you looking to purchase?