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 |
|---|---|---|---|---|---|
| BHP Billiton | BBL | 37 | $43.61 | 5.59% | $91.76 |
Forward 12-Month Dividends: $3,477.34 ($289.78/month).
Full disclosure: Long BBL, BP, CVX
Good buy! I think this is an excellent entry point, much better than my $50.20 in November. Just a heads-up, you have the old price in your summary stip.
Cheers
FerdiS
FerdiS recently posted…Reviewing my 2014 Goals
Thanks, FerdiS. I’m excited to see what happens to the company they split off as well. Should work out well!
Hi, scott,
I bought last week the british ticker (BBL) to diversify in currency. I think this is a good company to invest in.
Regards,
CZD.
Cazadividendos recently posted…Cobro de dividendos en Reino Unido
Hi CZD,
Glad to have you as a fellow owner! I think it will do well for us.
Scott