Latest Purchase of Amgen (Finally!)

It has been a while since I posted here (despite being very active troubleshooting the dividend portfolio tracker spreadsheet).

On June 8th I added 20 additional shares of the biotechnology company, Amgen (AMGN). This purchase adds on to the already 34 shares that I had, adding an additional $80 per year in dividend income. I was able to purchase it at a share price just below my initial purchase, thereby slightly lowering my cost basis. It is also way off from its 52-week high of 181.

With this purchase my annual dividends are now up to $4828, creeping back close to the $5000 threshold that I had crossed before the dividends cuts of KMI and KKR.

This will probably be my final healthcare-related purchase for awhile now…I already own quite a few healthcare-related stocks and will likely look to diversify into other industries when I have more capital coming in.

Here’s my current healthcare portfolio:
(in current dollar value order)

1) Johnson & Johnson $9970
2) Amgen $8512
3) Gilead Sciences $3877
4) Inovio Pharmaceuticals $2519
5) Esperion Therapeutics $2478
6) Baxter $1433
7) Shire PLC $736

Altogether, they generate about $589 a year in dividends, or about a 2% yield as a whole. Inovio and Esperion do not pay a dividend.

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6 Responses

  1. DivHut says:

    Nice pick up. Happy to read an update on your blog after all this time. AMGN and GILD are the only two biotechs I have on my watch list that I’d consider buying. Always happy to read about new buys during a time when the market is at all time highs. Keep putting that fresh capital to work. Thanks for sharing.
    DivHut recently posted…Dividend Income Update May 2016My Profile

    • scott says:

      Thanks, DivHut! I’m working on two more posts as well. Feels good to get stuff out there again. Hopefully I’ll get back on more of a regular schedule now.

      Google changed something on their Google Sheets that really affected my dividend spreadsheet. Since several thousand people use it, or at least, tried it from the Google Docs templates, I was getting a ton of comments saying things were breaking or slow to load. I think I’ve fixed most of those problems now, thank goodness!

      It is getting harder and harder to find value in this market. Maybe TGT will be next on my list!

      Still, as they say, the best time to buy was yesterday and the next best time is now. Trying to time the market by buying on market drops is tough and will likely just have the consequence of keeping money on the sidelines.

      Thanks for visiting and commenting!

  2. Love the AMGN pickup – especially because it helps validate my buying =)
    The Dividend Mogul recently posted…Robinhood, Fidelity, and Vanguard – Week 25: Recent BuysMy Profile

  3. Also, thanks for all of your hard work with the spreadsheet! I use it for my monthly updates!

    TDM
    The Dividend Mogul recently posted…Robinhood, Fidelity, and Vanguard – Week 25: Recent BuysMy Profile

  4. DivHut says:

    Miss your regular updates. When will you be back on the blog more frequently?
    DivHut recently posted…August 2016 Stock ConsiderationsMy Profile

    • scott says:

      Hey DivHut! I’m hoping to get back to frequent updates again soon. I have some posts saved in draft right now that I hope will be able to get out soon. I just started my new job and that has been taking up a lot of my time.

      Scott

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