Latest purchases: BMY, CY, DEO, GILD, KKR, VTR
I love the posts where I discuss new purchases because it is so fun to see the annual dividend keep going higher.
The latest purchases include a few new stocks and some old players. All pay dividends, though not all have the dividend growth history of a Johnson & Johnson or a Coca Cola (but how many really do?). I’m purchasing these for combination of growth as well as dividends.
On January 13th I made these purchases in my Roth:
Diageo (DEO): $4308 invested. Increases annual dividend by $131.
Ventas (VTR): $1231 invested. Increases annual dividend by $61.50.
And then on February 1st I made these purchases in my taxable brokerage account:
Bristol-Myers Squibb (BMY): $3400 invested. Increases annual dividend by $109.20.
Cypress Semiconductor (CY): $2960 invested. Increases annual dividend by $110.
Gilead Sciences (GILD): $7200 invested. Increases annual dividend by $188.
KKR & CO LP (KKR): $2640 invested. Increases annual dividend by $96.
Altogether in January and early February I invested around $21,739, of which $11,169 was new capital and $10,570 was from selling GILD and KKR in December. The sales of GILD and KKR were for tax loss harvesting purposes and the equities were intended to eventually be bought back, as some of that money was recently used for.
The GILD purchase was from selling a put that got assigned (which I was happy for since I wanted to purchase the company back anyway). I received $114.99 in premium for that put option.
These purchases raise my forward 12-month dividend by $695.70, bringing it up to $6160.44 or $513.37 per month. This is a new all time record for forward 12-month dividend.
For fun, from now on I’m also going to be including the dividend amount calculated to be an hourly wage based upon 1) the federal definition of a 40 hour work week (2087 hours), and 2) based on non-stop work for an entire year (8760 hours). Some of the other dividend bloggers that I follow do this calculation as well. It has no real point except that it is kind of cool to think about someone working constantly for you with no extra effort on your part.
Hourly wage based on 40 hour work week: $2.95/hour
Hourly wage based on non-stop work: $0.70/hour
My dividend worker is still quite a ways below minimum wage. Guess I have to keep feeding him more money to get that hourly wage higher!
The Roth purchases also satisfy one of my annual goals of maxing out my retirement account as soon as I can.