Recent Purchases – End of November 2015
While I don’t talk about sales of stock that often, I recently discussed a number of sales for tax purposes. I had sold the majority of my positions in BP, CAT, and IBM at the end of October.
At the end of November, I re-purchased these three companies. My hope was that I could buy the companies back at less than I sold them for or at nearly the same price.
I was able to buy back 100 shares of BP at $1.074 less than I sold it. I re-purchased 50 shares of CAT at $0.75 more than I sold it for. And, I re-purchased 20 shares IBM at $1.89 less than I sold it for. In these cases, I feel confident saying that the sales for tax-loss harvesting purposes was a success. I also increased my holdings in IBM by 9 shares.
These purchases of BP, CAT, and IBM increased my annual dividends by $240, $154, and $104, respectively.
BBL has also continued to drop in price so I purchased 85 additional shares, lowering my cost basis and adding $210.80 in annual dividends.
I also added a new position in Hersey Company by buying 30 shares, adding $69.60 in annual dividends.
Finally, I had some extra cash so bought 15 shares of PGX, adding $12.60 in dividends.
Altogether, these re-purchases and new purchases add $791.30 in annual dividends. My forward 12-month dividends is now officially over $5000/year, at $5414.05.
|Company||Symbol||Shares||Yield||Expected Annual Dividend|
|International Business Machines||IBM||20||3.7%||$104|
|Powershares Preferred ETF||PGX||15||5.65%||$12.60|
Full disclosure: Long all the above stocks.