Holy Moly, the month is almost over! I thought I had already posted my July dividend stock buys… whoops! Anyway, here is what I’ve been picking up.
I keep a running log of every dividend stock I purchase which can be viewed in the dividend growth stock purchases section.
So far, I’ve put a little over $4,250 to work with an average yield of 2.6%. I’ve added a little over $115 of yearly forward dividend income this month! The $IRM, $TTE & $CSCO purchases were made via DRIP.
New Buys - July 2022
My dividend portfolio has been updated with these buys.
All additional purchases made this July will be posted on this page. I aim to invest $2,500 – $4,000 every month. However, in June I invested just a little over $10,200!
4 Comments
Congrats Blake! Nearly $4,900 in investments for one month is big! So far in 2022 we’ve invested just over $19k in our non-retirement accounts and I’m hoping we can keep that pace up through the rest of the 2nd half since that would put us up over $30k invested for the year.
Thanks JC, well done to you also! Sounds like we’ve both been working hard to put money to work. For me, it’s crazy to think we’ve already put in a bottom. If it is true, then I wish I could have found more cash to put to work. 🙂
Blake,
A few questions. Do you have a goal number in mind for the number of stocks you want to own? Do you have a number for the stocks you do own, i.e., 100 shares per each stock or 100 shares of one and 200 of another? What are your big factors in determining a buy?
Thanks,
Tom
Hi Tom! I don’t have a set number of holdings or quantity of those holdings that I want to own. I think of my portfolio as a hand picked dividend ETF (similar to VYM or VIG or SCHD…) where I am able to purchase individual dividend stocks only when they’re on “sale”. However, 100 shares is kind of ideal as selling covered calls is always a nice little bump for income. I’m a big fan of the dividend yield theory and is heavily considered when trying to determine “sale” valuations. Other times, I have stocks I take a leap into when I determine I want to own it and am not willing to wait for a sale price (that may or may not ever come). Perhaps I shouldn’t admit this, but I don’t have a hard and fast formula for my dividend stock purchases. I look for great value and long term growth. It’s not entirely scientific, but it has worked out alright thus far 😉