It’s not always easy to find stories about successful dividend investing. I know it’s out there, but for a number of reasons, they are hard to track down.
So undoubtedly, when I see one, I get extremely excited to share it. One such moment recently came along thanks to JustSayin3363, an active commentator on Seeking Alpha.
The article from which the comment was generated was written by a man claiming that investing in high-yielding securities was preferable to lower yielding, higher dividend growth companies. Obviously, this sparked much debate.
And in this debate, JustSayin3363 shared his success story with Colgate-Palmolive (CL).
Actually, having owned CL since 1991, the facts are:
Purchased 200 shares at $69.75
Original cost: $13,950.00
Stock split 2-1 in 1991, 2-1 in 1997, and 2-1 in 1999.
The 200 shares grew to 1600 shares.
Dividends reinvested added an additional 527 shares
Currently holding 2172 shares.
Current price $82.41
Current value $178994.52
Change in value: $165044.54
Cost Basis Per Share: $6.42
Current Dividend: .58 per share per quarter or $2.32 annually
Income from Cl holdings: $5039.04 annually or $419.92 per month.
Peace of Mind: Priceless
This reminds me of the kind of success the early buyers of Walmart have had – without even counting reinvested dividends, an original investment in 1970 of 100 shares has grown to over 200,000 today, with an income of $292,000.
I only wish I can one day share my own success story. If anyone else out there has one, I would love to hear it!