Recent Buys!

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?

My Dividend Growth

http://www.mydividendgrowth.com

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8 thoughts on “Recent Buys!
  1. writing2reality

    Wow, not a bad day when you put almost $3k to work and increase your forward 12-month dividends by over $141! I’m not a big fan of telecoms in general, but agree that T is a pretty decent value at this point. Your PM purchase is a great one that should pay off over the long haul. Certainly a position I’d love to average down if they can stay depressed for a while.

    As for myself, got the ball rolling on my March Loyal3 purchases and will be picking up some more UL and KO.

     
    Reply
    1. My Dividend Growth

      W2R!

      I can’t wait to get my hands on some KO and UL! I’ll be joining you very soon on these 🙂

      Not a bad day indeed! It feels great to make this purchase and increase my passive income by so much. I’m anxious to see if I should have spread these purchases out a little more, but either way I’m in it for the long haul. I totally understand your feelings on AT&T, and I probably should have gone after something with more growth, but couldn’t resist!

      Congrats again on your impressive month in February!!

      Thank you for checking back in with me 🙂

       
      Reply
  2. Dividendasaur

    Congrats on the entry point into PM, the 1% drop today worked out perfectly in your favor, well done sir! I am a big fan of tobacco stocks in general (always get a decent amount of flak for that) and will likely buy more in the future. T is at a great price right now and the dividend is substantial. I am personally holding out until this whole price war between carriers blows over but there is no denying the cheap price of T right now.

     
    Reply
    1. My Dividend Growth

      Dividendasaur,

      Thank you for visiting my blog! I’m excited to be a fellow shareholder of PM. As much as DGIers don’t care about the price, I still find myself curious to see if I could have gotten in for cheaper, it’ll be interesting to see where it goes from here. Either way we own a great company that’ll be paying increasing passive income for years to come!!!

      I completely hear you on T, it seems like every day the price plans keep changing! I think you’re very wise to get comfortable first and see what happens with all this commotion 🙂

      Great to hear from you and I appreciate your comment!

       
      Reply
  3. Dividend Mantra

    Ryan,

    Nice purchases there. I think you’ll be especially happy with PM over the long haul. They’ve got a lot of exciting new initiatives coming online within the next year or so.

    I’m going back and forth on T. I’d love to collect that fat dividend, but I remain concerned about heightened competition with virtual operators and wireless saturation. However, revenue should remain solid with a huge subscriber base. In addition, we’ll see what happens with Aio.

    Best regards!

     
    Reply
    1. My Dividend Growth

      Jason!

      Glad to join you in PM! I’m ready to see the growth of e-cigs, the hybrid, and the dividends! April 11th I’ll get the first one, $$$

      I feel you on T, and you’ve already got a small position in it. I think your current weight is appropriate for how unclear things look. I like that you see two sides to this though and that you are/were at least considering adding. I’ve got about the same amount of shares as you now, so hopefully we can ride this out and find a way to grow! Meanwhile keep putting that fat dividend to work 😉

      I don’t know how you have time to keep up with all you do, but it’s great motivation when you swing by. Thank you for all your hard work for the community!

       
      Reply
  4. Dividenden-Sammler

    Hi,

    I have seen, that there is a “new face” in the world of dividend-investing! Welcome!
    I have both companies AT&T and PM.
    With this two companies, you can build a small core-portfolio! That´s enough 🙂
    But you can also purchase 40 or 50 different companies like Jason…

    Best regards!
    And keep going!

    D-S

     
    Reply
    1. My Dividend Growth

      D-S!

      Thank you very much for welcoming me 🙂

      I agree that these companies will be great to have going forward! I’m happy to join you as a shareholder. You have a great blog! Your portfolio is on its way to some serious growth! You own a lot of companies I can’t wait to get my hands on. I hope you continue to do a great job and I appreciate your taking the time to comment!

      Ryan

       
      Reply

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