Latest purchases — DIS, DBD, GE, LB, TGT
It’s been awhile since I provided an update on my latest dividend stock purchases. The market over the last month or so has continued to provide good entry points into several good companies. Here are my latest purchases from mid-July through the end of August:
On 7/11/2017, I opened a position in Diebold (DBD), a financial services company. This cost $3181.76 and brings in $60 in annual dividends.
On 7/11/2017, I added more shares of General Electric (GE) to my portfolio. GE continues to present an excellent value, in my opinion. I’m especially expecting good things with the recent change in CEO. This cost $3955.20 and brings in an additional $144 in annual dividends.
On 7/11/2017, I added more to my position in Target (TGT). I purchased $2520.77 which brings in an additional $120 in annual dividends.
On 8/9/2017, I purchased an additional 40 shares of Disney (DIS). This was shortly after DIS had announced that they were removing their TV shows and movies from Netflix and starting their own streaming service. The stock dropped a bit that day and I took advantage. This purchase, worth $4094.75, adds $62.40 in dividend income.
On 8/18/2017, I sold HXL (for a small profit) and invested in L Brands (LB). HXL was a dividend payer but, since it was purchased as a growth stock, fundamentals changed and it no longer fit that profile. I used the proceeds from that sale to purchase $4002.48 worth of LB, which brings in $264 in annual dividends. Investment Hunting recently wrote about his experience with LB as well. I also sold some puts on LB.
Altogether these stock purchases totaled $17,754.96 and will bring in a combined annual dividend of $650.40.
Forward 12-Month Dividends: $8674.64
Hourly wage based on 40 hour work week (2087 hrs): $4.06/hour
Hourly wage based on non-stop work (8760 hrs): $0.97/hour