New Purchase: More BHP Billiton
I last purchased BBL at 52.30/share back in November. I thought that price was a good entry point. After I recently got paid, I knew it was going to something that had dropped recently so that I could lower my cost basis. It was a slightly difficult choice between a few of the oil companies that I own, BP and Chevron, or BHP Billiton.
I ultimately picked up additional shares of BBL since it was down in price the most. In fact, it had dropped nearly $10 a share since when I bought it in November.
Since I’m in this investing game for the long-haul and am not interested in turning around quick profits, I decided to purchase 37 shares of BBL at 43.61/share. This is my second purchase of BBL and lowers my cost basis to 50.08 (from 52.30). This purchase adds an additional $91.76 to my annual dividends, bringing BBL’s contribution up to $339.76 (paid semi-annually). My entry dividend yield is 5.59%.
My forward 12-month dividends are now $3,477.34 ($289.78/month). I remain invested in 26 companies.
|Company||Symbol||Shares||Price||Yield||Expected Annual Dividend|
Forward 12-Month Dividends: $3,477.34 ($289.78/month).
Full disclosure: Long BBL, BP, CVX