Money in the Trough – The Dividend Portfolio Grows Again

A great quote comes to mind when I see the market move like we have this week.  “The stock market is the only market where things go on sale, all the customers run out of the store!”  We obviously aren’t where we were in late August, but we are getting some decent opportunities to add the stocks we missed during that last correction.  Once again, I’ve been taking a lot of small bites but I’m still hungry.

What I’ve Been Buying

I Averaged Down:
Company: Exxon (Ticker Symbol: XOM)
Average Buy price: $80.41
Shares bought: 4
Yield: 3.63%
Annual Dividend Income: $11.68
Total Cost: $321.64

I Averaged Down:
Company: Hershey Co (Ticker Symbol: HSY)
Average Buy price: $84.34
Shares bought: 7
Yield: 2.75%
Annual Dividend Income: $16.24
Total Cost: $590.44

I Averaged Down:
Company: Cummins (Ticker Symbol: CMI)
Average Buy price: $106.86 (ugh, bought that a little too soon)
Shares bought: 3
Yield: 3.67%
Annual Dividend Income: $11.76
Total Cost: $320.58

I Averaged Down:
Company: Chevron (Ticker Symbol: CVX)
Average Buy price: $91.12
Shares bought: 6
Yield: 4.7%
Annual Dividend Income: $25.68
Total Cost: $544.72

I Averaged Down:
Company: Target (Ticker Symbol: TGT)
Average Buy price: $71.69
Shares bought: 4
Yield: 3.12%
Annual Dividend Income: $8.96
Total Cost: $286.76

I Averaged Down:
Company: Kinder Morgan (Ticker Symbol: KMI)
Average Buy price: $25.43
Shares bought: 8
Yield: 8.02%
Annual Dividend Income: $16.69
Total Cost: $203.44

I Averaged Down:
Company: Omega Healthcare (Ticker Symbol: OHI)
Average Buy price: $31.99
Shares bought: 15
Yield: 7.0%
Annual Dividend Income: $33.60
Total Cost: $479.85

I Averaged Down:
Company: QualComm (Ticker Symbol: QCOM)
Average Buy price: $51.86
Shares bought: 5
Yield: 3.70%
Annual Dividend Income: $9.60
Total Cost: $259.30

I Added:
Company: Potash (Ticker Symbol: POT)
Average Buy price: $20.79
Shares bought: 23
Yield: 7.31%
Annual Dividend Income: $35.16
Total Cost: $480.90

These purchases totaled $3,487.63 and have added $169.37 to my annual dividend income!  That averages out to a yield of 4.86%!  How about that!  I paid a total of $11.00 in trading costs for all these buys over the last week.

The dividend portfolio has been updated with the recent additions.

I still have almost $1,000 to invest this month as I missed my $3,000 goal last month.  I also have some additional cash to put to work if the sales get greater.

My Thoughts on the Market

After the last jobs report, the FED trackers estimate a rate rise in December is now 70% likely.  If they do raise rates it will be small, but it will be symbolic.  Personally, I’m crossing my fingers the FED quits kicking the can and raises rates so we can normalize and get some good deals.  REITS and utilities will take it on the chin and banks and insurers should benefit greatly.  However, just as a rising tide lifts all boat, a lowering tide drops boats to the sea floor.  Deals will be a plenty during the rate raise shock!

Next week will be telling as we are running into some decent support areas.  I suspect there will be some good news that lifts the market (or bad news that keeps Wall Street happy) and we’ll bounce back up.  But as I said earlier, I’m hoping we continue to fall so a few more of my limit orders get hit.  We’ll know Monday… thanks for reading!

What did you pick up this week?