Dividend Growth Stocks

Money in the Trough – Buying Income – March 2017

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With the month half over, it is time to start doing some work and start buying income from the best dividend values that I could find.  The trouble is, its not easy when pretty much everything is super expensive.  Below are the best dividend deals I jumped on this month (one of them being a bit of a gamble).

Buying Income - March 2017



On thing that I bought a little extra of is Target.  I already own some, but TGT current yield was really tempting.  Here are my thoughts on Target.  I know times are rough for retailers, but I don’t think brick and mortar is going away… unless Amazon can figure out a way to start delivering things to my door in 30 minutes after ordering.

Also, perhaps I’m just old, but people like going shopping, trying stuff on and enjoying the physical experience of… shopping (to be clear, I’m not one of those people – but know they’re lots of them out there).  Personally when I have to choose between Walmart & Target, my shopping preference always skews towards Target.  Target shot themselves in the foot with their pick your bathroom stance, but that will fade.  I have friends that boycotted the store, but have now begun to shop there again.  Also, with Spring & Summer coming up, I suspect we’ll see an uptick in sales as Target always has nice warm weather fashions, at reasonable prices.

Below are some graphic charts from Simply Wall St that show the dividend yield range for the stocks purchased above.

XOM Dividend Yield

 

TGT Dividend Yield

 

TGT Insider Buying

Here are links to SO dividend yield chart, GPC dividend yield chart & CVS dividend yield chart.

My dividend portfolio has been updated with these buys.

What have you been buying?  Do you think Target is dead money?

I'm a dividend growth investor who is aiming to retire early in 6 years at the age of 45. My goal is to live off the income my dividend portfolio and rental property produce exclusively and leave the corporate rat race. I hope you will join me in this journey!

8 Comments

  1. DP –

    Congrats on your purchases. I, myself, have been contemplating more Target, I own quite a bit already, so seeing how much deeper I want to go with them is truly the question. Nice post and congrats on the new income you’ve added. Target is almost a “thing” as I know the traditional statement in our area is, “Need to make a Target run?” – a staple for sure.

    -Lanny

    • Blake

      Hi Lanny,

      In my area, Target isn’t as institutional, but it is popular. The insider buying is a good sign with regards to current value.

      Thank you dropping by and commenting!

    • Blake

      Hi T,

      With yields like this from a dividend aristocrat, it’s hard not to talk about them. But, make sure you do your research first. They certainly have some challenges ahead of them.

      Thanks for commenting!

  2. I recently bought 100 more shares of TGT. I should’ve waited, you got a better price. I like the yield, but I am nervous about the future direction of the company. I feel like new blood is needed on the executive board if TGT is going to compete with Amazon.

    • Blake

      Hi IH,

      I am also a little nervous about buying more. With price drops like this, its very easy to think, what do the sellers know that I don’t. I’m with you on a management shakeup. With regards to competing with Amazon online, that isn’t going to happen.

      As always, great to hear from you!

  3. Nice buys. Seems like everyone has picked up some TGT lately with the price and yield so attractive. It will be interesting to see what happens and how they turn around but I have confidence in them. Thanks for sharing.

    • Blake

      Hi DD,

      I think Target will turn it around too. We’ve been hearing a lot recently that the death of retail is inevitable. I just can’t wrap my mind around that. But as you said, it will be interesting to see what happens!

      Thanks for dropping in and commenting!

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