Latest purchases bring me about $9000/year! — AT&T, GE, NAVI
I just made a couple of purchases today. These are all dividend payers and ones that I’m adding to positions I already have.
First is AT&T. I purchased an additional 100 shares of T at $37.1359/share. This adds $196 in annual dividend income. While this purchase does slightly increase my cost basis in AT&T, I do feel that it is still undervalued at this level, especially since I don’t think the acquisition of Time Warner is completely priced in. Altogether I’m getting $815.61 in annual dividends from AT&T.
My second purchase is General Electric. I purchased an additional 100 shares of GE at $24.35/share. This purchase lowers my cost basis since GE has been heading down lately. I think this is a good time and price point to purchase additional shares. They have plenty of growth opportunities ahead and are on the forefront of the industrial Internet of things. I’m also optimistic to see the new CEO’s plans. I bet the stock will see a pop after that announcement, which, I think, happens in November. The only issue is that GE is becoming quite a large component of my portfolio… This purchase adds $96 in annual dividends. Altogether I’m getting $1004.53 in annual dividends from GE.
My last purchase today was Navient. NAVI is a spinoff from Sallie Mae and has a large portfolio of government backed loans. A small portion of your student loan payment gets returned to me as dividends. Thanks! I originally purchased NAVI in March 2016. I was up about 14% or so prior to today so my initial thesis was solid. This purchase adds $96 in annual dividends. Altogether I’m getting $267.19 in annual dividends from NAVI.
Today’s purchases total $8262.83 and will bring in a combined annual dividend of $388.
I’m now up to over $9000 in forward 12-month dividends! It was only back in May of this year that I made purchases that took me over $7000/year.
Forward 12-Month Dividends: $9,081.76
Hourly wage based on 40 hour work week (2087 hrs): $4.35/hour
Hourly wage based on non-stop work (8760 hrs): $1.04/hour