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
after frank curzio did a write up on diebold im deff pulling the trigger on it soon
Haha. Yep, that’s where I got the idea from as well! I’ve been following him for years. He has a great podcast.
Any chance you can share any of the other plays you been buying say in the gold silver space etc also what is another stock you like that he’s recommended in his news letter or does diebold look best.
Thanks for the comment, Alex. Frank has had many good recommendations and I anticipate more coming in the future. I’ll talk about a few of them on the site after I make the purchase. However, since he puts a lot of time into these picks and people pay for them, I wouldn’t feel right revealing his advice the moment he gives it. Hope you can understand, Alex.
Thanks for the updates. Nice work keeping the dividend snowball growing! 🙂
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Nice work there! Straight Killing, big time. Thoughts on the big purchase in TGT? What are you expecting/seeing? Curious on your thoughts. Love the headwinds in the retail industry big time, and I own quite a bit of TGT as well.
Thanks, Lanny. My reasoning behind the Target purchase is that the Amazon purchase of Whole Foods created a even more enticing entry point into it. Target pays a good dividend and can easily cover it. They are having some problems recently, but, much like Walmart a few years ago, will be able to adapt and make the necessary changes. I’m happy to patiently wait and receive a 4.2% dividend while management makes the necessary changes.
Serious buying to say the least but what’s cool about many of these buys is that you are going in when most are fleeing. That’s usually the best time to enter a position, when it’s on the operating table. You don’t really read or see DBD in any long term DGI portfolio. While I have heard of it I never once considered buying it. Thanks for sharing.
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DivHut, thanks again for your comment. I hadn’t hurt much about DBD either until learning about it from Curzio’s podcast. Up until recently DBD was actually near the top of the dividend aristocrat list with over 50 years of continuous raises. They recently cut their dividend to be able to pay for their purchase of German rival Wincor Nixdorf .
Nice to have to you as fellow shareholder in DIS,TGT.never heard of the other 2 companies
Thanks for the comment, desidividend,
I bet you’ve heard of GE as well. 🙂
As far as LB and DBD, I am new to those stocks as well. While you may not have heard of L Brands, I bet you’ve heard of its products. Its flagship brands include Victoria’s Secret and Bath & Body Works.
Great buys Scott. LB has taken a beating, I bet you got good pricing there. I’ve been adding a few shares of GE lately. Let’s both hope the GE turnaround is coming.
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Thanks, Nathan. Yep, great entry points into both of those. As long as GE doesn’t cuts its dividends again, I’m happy to get paid to wait for its turn around.