Latest stock purchases — AT&T and Kroger

My latest two purchases are additional shares of two companies that I already own.

On 5/30/2017, I purchased 200 shares of AT&T. While this slightly increases my cost basis, I feel that this is still a great entry point. AT&T is transitioning from being a slow growth telecom company functioning like a utility to a more high growth media company with recent purchases of Directv and the upcoming purchase of Time Warner. While I recently switched my cell phone carrier to Verizon since it is being paid for by work, if I had the choice I would still pick AT&T. AT&T’s data network had been much faster and more reliable than Verizon in all but a few locations. 

This AT&T purchase adds $392 in annual dividend income. It also brings my total share count up to 312 shares, in case I ever want to sell covered calls in the future.

The second purchase was one that looks like has been quite popular among dividend investing circles. I already had owned Kroger prior to Amazon’s announcement. But, when it was knocked down by 14% or so, I thought this was an excellent opportunity to dollar cost average down. On 6/16/2017, I purchased 150 shares of Kroger. This adds $72 in annual dividend income.

As of today, my forward 12-month dividend income is $7988.13. I just recently got paid and will be looking at some more purchases to finally crack that $8000 barrier. BAC’s recent dividend increase of 60% really helped as well, increasing my annual income by a whopping $73.12. BAC has been a great purchase in my Roth…I’m up 73.2% in it so far.

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10 Responses

  1. T is one of my favorite dividend stocks! Hoping that the Time Warner merger completes soon.
    For more, visit us at TheDividendLife.com

  2. Nice moves Scott. Great minds think alike. I bought another 100 shares of AT&T two weeks ago.
    Investment Hunting recently posted…Stock Buy – L Brands IncMy Profile

  3. DivHut says:

    Both popular stocks in recent weeks. Nice yield with T. I think when the merger is complete a lot of the uncertainty about the stock will be lifted.
    DivHut recently posted…Recent Stock Purchase July 2017My Profile

  4. Hey TwoInvesting,
    i like your purchase of T and the timing. I think the recent price drop presents an opportunity to grab some shares. I added to my position a few weeks ago and now own 190 shares. If they trade at this price for a while i’ll pick up some more during 2017. And the Q2 numbers were good too…

    if you have the time you can look up my recent purchase of Daimler
    https://dividendsolutions.wordpress.com/2017/07/30/recent-buy-aktueller-kauf-2/

    Best Regards,
    DividendSolutions

    • scott says:

      Hi DividendSolutions,

      Thanks for the comment. I’m open to adding more AT&T as well. Despite buying a lot of GE in the last couple of months, it continues to look really nice at these values. I may add more there as well. I’ll take a look at your purchase of Daimler shortly.

      Scott

  5. They both seem to be popular names recently. Would love to add more to my T shares but it makes up a decent amount of my portfolio already. Would also like to start a position with KR, especially after that big dip, but capital is limited. Just nice seeing a lot of value in the market right now. Think there are a few things I like better than KR so that position may need to wait for now. Nice buys! That will add a lot more dividend income.
    Dividend Daze recently posted…The Impact of Rising Interest Rates on FinancesMy Profile

    • scott says:

      Thanks for the comment. Just checked your Portfolio on your page and you are so close to $1000 in forward dividend income. You’ll definitely get there soon.

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