$703 of UNP
$300 of V
I used $1003 in new capital and added $24.71/year to my dividend income. This is an average yield of 2.46%.
UNP is still high on my buy list. I may taper off purchases just a little as continued weakness in shares could provide even better buying opportunities. I’d like to have a full position by the middle of the year.
I just love V. If I had to pick only 10 stocks for a capital appreciation portfolio over the next 10-20 years, V would be in there. No debt and tremendous cash flows. They are growing their dividend with leaps and bounds. The yield is low because the stock price keeps going up. I don’t have a problem with that. I don’t need to live off of dividend income anytime soon and at the rate they are compounding, I should end up with a pretty decent yield on cost in the long-term.
In Recent News:
I’ve finished the last items for my TABC application and am just waiting on a license to be issued. I’m targeting an opening by mid March. I’ve learned that my kitchen doesn’t meet all of the requirements for a commercial kitchen and I have to make more changes. These costs may slow my dividend purchases for a while since I’m also saving for a large tax payment. I’ve ordered a POS system and it’s on the way. They even included a new IPAD to run the sytem on with printers and other needed hardware. I still need to take a 10-hour food management course. It’s a constant learning process. I am still working on menus and ordering basic things needed to open.
The picture is of the sunset from the top floor of my new bar.