I made two purchases today and updated my portfolio page. I added to my small holding of AT&T and am a new shareholder in Phillip Morris International.
I added 38 shares of AT&T at $32.19. The company hasn’t seen much love from Mr. Market lately. Telecoms aren’t a great area for growth and it seems every day there is a new article like we heard today where Masayoshi Son, CEO of Softbank is gunning for AT&T and Verizon. Yawn.
AT&T started paying dividends in 1984 and has been increasing them every year since. While I’m only hoping for the usual 2-3% raise in dividend each year, I’m happy with the high yield of 5.70% which should provide a good cushion when I start manually reinvesting certain dividends, rather than automatically dripping.
The purchase adds $69.92 to my 12 month forward income.
I also bought 19 shares of Phillip Morris International at $79.72. Almost everyone has a negative view of this company. They sell an addictive product that kills people. I think people will do what they want and we should not restrict individual freedoms.
I wish I had been investing and a shareholder when PM was spun off in 2008. With dividends increasing every year since for a 5 year dividend growth rate of 12% and a raise hopefully coming soon, this purchase was an easy one. Current yield is 4.7%.
The purchase adds $71.44 to my 12 month forward income.
In total today I added $141.36 to my 12 month forward income. This moves the total from $414.18 to $555.54!
I’m now invested in 11 companies and although value isn’t as important with a dividend growth strategy, my portfolio increased from $10,940.16 to $13,675.78.
I likely won’t make another purchase until April.
What do you think of T and PM?
Have you made any good buys lately?