Purchases of More BP and CVX
I first purchased CVX back in April 2013. In fact, CVX was one of the original stocks I bought when I switched my portfolio from ETFs to individual stocks. My entire portfolio had a value of around $30,000 at that time. It really wasn’t that long ago, but it is now around 4 times that amount! Pretty amazing stuff.
I had initially purchased 25 shares of CVX at 118.79/share. I then collected 1.5483 shares worth of dividends since that initial purchase. With yesterday’s recent drop in oil stocks, I purchased an additional 14 shares at 108.279/share. This not only lowers my cost basis in the stock to 115.40 but also brings in an additional $59.92 in annual dividends.
The purchase of CVX was within my Roth. I still have another $4,000 to contribute in 2015. As stated in the goals for 2015, I’ll probably buy MA and/or BEN with that remaining amount. My goal is to get as big an unrealized gain as I can in the Roth. Dividend income can then come later.
Another recent purchase was another oil company, BP. I first purchased 50 shares of BP at 42.0096/share in October 2013. With the drop in oil stocks in November 2014, I added an additional 47 shares at 41.86/share. Altogether I have purchased an additional 3.1903 shares via reinvestment of dividends.
This latest purchase of BP was at an even better price point. Yesterday I bought 55 shares of BP at 36.34/share. This purchase lowers my cost basis to 40.23 and also brings in an additional $132 in annual dividends.
My forward 12-month dividends are now $3,673.49 ($306.12/month). I am $426 away from my goal annual dividends in 2015. I remain invested in 26 companies.
|Company||Symbol||Shares||Price||Yield||Expected Annual Dividend|
Forward 12-Month Dividends: $3,673.49 ($306.12/month).
Full disclosure: Long BP, CVX