I’m reporting my automatic purchases for this past week:
I Bought:
$600 of CVX
$600 of UL
I used $1200 in new capital and added $52.99/year to my dividend income. This is an average yield of 4.42%.
$50 per Week Challenge:
From now until the end of the year, I’m going to challenge myself to invest enough money each week to generate at least $50 per year in annual income and a total cumulative amount of at least $1000. There are 17 weeks left between now and the end of the year.
Week 3/18 complete:
Weekly Target: $50 / Cummulative Target: $1000
Weekly Actual: $52.99 / Cummulative Actual: $200.65 (20.1% of goal)
Note:
CVX is working it’s way up to a full position, 2.5% currently. I can’t resist putting money to work in these energy companies at these prices.
UL is still trading right at my cost basis and and sitting at the lower part of the 52-week range. The U.S. tax treaty with the UK allows me to pay no foreign tax witholdings on the dividends. UL has some wonderful brands and I love any chance I get to average down or buy more shares at a discount.
I’m also going to start producing a monthly update post again starting this month.
Watchlist:
Some stocks that are currently at the top of my list for next week are CVX, RDS.B, DE, MCD, MDT, PEP, KO, TD, WFC, UL, CSX, UNP, WFC, CMI. I own all but CMI and UNP but would like to initiate positions in those two at some point. I’m trying to average my portfolio out by first bringing up underweight positions that are near my cost basis or lower.
Picture:
Just for some fun and to add some color I will be posting pictures of places I’ve been to. It’s also motivation to reach FI so I can travel and do what I want to when I want to.
This is another picture from a recent visit to the Denver/Boulder, CO area.
What can I say… I like how you’re going after the consumer staples. Last buy with PEP and now UL. Sounds good to me. The consumer staples are one sector that I’d love to add more share to but still kind of waiting for better values/yield. In the meantime I have been averaging down on my DOV, ADM, CAT and looking at more EMR too. All great names that seem to be sporting much better values. Thanks for sharing.
DivHut recently posted…Recent Stock Purchase II September 2015
DivHut,
I like consumer staples but have a large portion of my portfolio there now, currently 25%. It is my largest sector but it’s hard to stay away from some of these dividend behemoths.
I don’t own DOV, ADM or EMR surprisingly. I’d consider EMR if I add another utility. CAT is still looking cheap and I may add to CAT or DE here soon too.
I love dollar-cost-averaging into more shares of these great companies. Consistency is key and I play to keep investing on a weekly basis.
Take care!
Just wondering your thoughts on TGH? Do you still hold any of these shares? I think you used to sell options on this stock a while back? Stock has pulled back quite a bit but earnings still look decent just wondering if you had any comments as to what is going on with this one?
Hi Shawn,
I used to own TGH but sold out shares more than a year ago. TGH has declining earnings and sports a yield around 11%. I don’t think that dividend is sustainable but I could be wrong. D/E is over 2.5 and they carry a lot of debt. It’s not just company-specific problems, it’s more of the industry as a whole. There’s an oversupply and despite utilization rate of 97%, re-leases are getting signed at a fraction of old rates. If you look at TAL and CAI , they have both fallen far from their highs.
However, TGH could be a great speculative play. They have had a yield this high before and did well last time if you bought in. I’ll be keeping an eye on them. It might be a good speculative play to slowly average into shares. If they drop below $15/share, I may have to buy a few shares.
Thanks for stopping by!