It’s been a pretty slow month so far with regards to new dividend stock purchases. I have some thoughts that I’ll quickly share, but I do want to be clear – I’m currently saving a little extra cash to put to work closer/after the election… here’s why.
We are weeks away from the election that could very well reverse the most recent corporate tax cuts in the USA. For this reason alone, I can’t imagine a change in President not having negative results on American corporations.
I have read several articles recently stating that markets will be sounder and stronger under Biden. However, after reading Biden’s tax plan, the plan seems to be a quick punch in the face to American corporation with a plan to raise corporate taxes from 21% to 28%. While I do believe the USA deficit needs to addressed and tax raises seem to be the only realistic and actionable solution to that problem… I’m currently just considering the market reactions to a Biden victory.
No matter who wins, the market will continue to move up – overtime. However, I would be silly for me not to put some extra powder away now to put to work later – just in case. I also want to be clear, I am still putting money to work now, just not as much. So, that is why this month’s dividend stock purchases are a little softer than normal.
I keep a running log of every dividend stock I purchase which can be viewed in the dividend growth stock purchases page.
So far, I’ve put almost $2,000 to work with an average yield of 4.2%. I’ve added almost $85 of yearly forward dividend income this month!
The $IRM, $TOT and $CSCO purchases were made via DRIP.
New Buys - October 2020
| Symbol | Company Name | Date | Quantity | Buy Price | Comm/Fee | Total Cost | Yield | Income | Y Div | Q Div |
|---|---|---|---|---|---|---|---|---|---|---|
| IRM | Iron Mountain Inc | 10/02/2020 | 3 | 26.72 | 0 | 80.16 | 9.26% | 7.42 | 2.47 | 0.62 |
| TOT | Total SE | 10/16/2020 | 1 | 32.77 | 0 | 32.77 | 8.91% | 2.92 | 2.92 | 0.73 |
| CSCO | Cisco Systems, Inc. | 10/21/2020 | 1 | 39.29 | 0 | 39.29 | 3.67% | 1.44 | 1.44 | 0.36 |
| GD | General Dynamics Corporation | 10/21/2020 | 5 | 136.76 | 0 | 683.80 | 3.22% | 22.00 | 4.40 | 1.10 |
| TSN | Tyson Foods, Inc. | 10/22/2020 | 10 | 58.60 | 0 | 586.00 | 2.87% | 16.80 | 1.68 | 0.42 |
| PRU | Prudential Financial Inc | 10/22/2020 | 8 | 65.77 | 0 | 526.16 | 6.08% | 32.00 | 4.00 | 1.00 |
| AXP | American Express Company | 10/26/2020 | 6 | 98.43 | 0 | 590.58 | 1.75% | 10.32 | 1.72 | 0.43 |
| AXP | American Express Company | 10/26/2020 | 12 | 96.36 | 0 | 1,156.32 | 1.78% | 20.64 | 1.72 | 0.43 |
| CMCSA | Comcast Corporation | 10/26/2020 | 20 | 43.75 | 0 | 874.90 | 2.10% | 18.40 | 0.92 | 0.23 |
| GD | General Dynamics Corporation | 10/27/2020 | 5 | 135.86 | 0 | 679.30 | 3.24% | 22.00 | 4.40 | 1.10 |
| V | Visa Inc | 10/27/2020 | 5 | 190.86 | 0 | 954.30 | 0.63% | 6.00 | 1.20 | 0.30 |
| NNN | National Retail Properties, Inc. | 10/27/2020 | 12 | 33.60 | 0 | 403.20 | 6.13% | 24.72 | 2.06 | 0.52 |
| UNM | Unum Group | 10/28/2020 | 25 | 17.80 | 0 | 445.00 | 6.40% | 28.50 | 1.14 | 0.29 |
| AIG | American International Group Inc | 10/28/2020 | 15 | 30.15 | 0 | 452.25 | 4.25% | 19.20 | 1.28 | 0.32 |
| V | Visa Inc | 10/28/2020 | 5 | 180.86 | 0 | 904.30 | 0.66% | 6.00 | 1.20 | 0.30 |
| CSCO | Cisco Systems, Inc. | 10/28/2020 | 20 | 35.95 | 0 | 719.00 | 4.01% | 28.80 | 1.44 | 0.36 |
| AXP | American Express Company | 10/28/2020 | 4 | 91.86 | 0 | 367.44 | 1.87% | 6.88 | 1.72 | 0.43 |
| JNJ | Johnson & Johnson | 10/30/2020 | 15 | 135.86 | 0 | 2,037.90 | 2.97% | 60.60 | 4.04 | 1.01 |
| ∑ = 172 | ∑ = 11,532.67 | ∑ = 334.64 |
My dividend portfolio has been updated with these buys.
All additional purchases made this October will be posted on this page. My goal is to invest $2,500 – $4,000 every month. Although, last month I invested a little over $9,500!
2 Comments
Interesting portfolio, I also have positions that cross with you. For example, this year there was an opportunity to profitably buy Visa Inc, and I think that many took advantage of it))) I wish you success on your way!
Thanks Ilya!