As a dividend growth investor, I’m always thinking about which dividend stocks to buy and subsequently, buying when I can. Below is the small list of stocks that I’ve purchased this November. As you can see, I haven’t been doing a whole lot of dividend stock buying the last few weeks. I’ve had a hard time finding values the last few months and it doesn’t seem to be getting better.
Warning – Pessimistic Rant
There seems to be a bunch of optimism surrounding the markets that I just don’t see. For example, we have a new President elect that is talking about raising tariffs on Chinese goods by 45% and Mexican goods by 35%. Granted, we haven’t heard much about that since Trump won the race. However, that move could be crippling to the USA economy. A drastic jump in tariffs makes products more expensive for the USA consumer – without a benefit to the USA citizen. (there isn’t all of a sudden going to be more money for the average Joe) Especially, when there isn’t an existing USA made alternative. And in MANY cases, there isn’t an alternative USA made version existing or a commercially viable version to be produced in the USA. That doesn’t take into account the trade war that would inevitably follow where China would raise their tariffs on USA made products its importing. The ripple effects of a trade war between the two largest economies would be felt throughout the world.
For the record, I am all for more products being made in the USA. Making “physical goods” locally is very important and Trump is wise in addressing this problem. However, a drastic change, like a 45% hike in tariffs, would be devastating for the USA consumer, especially for the 51% of the USA population that makes less than 30k a year. If you are interested in this subject, here is an article that cites many ways President Trump could raise tariffs on China and Mexico without Congress approval.
Anyway, here are the dividend stocks I bought the last few weeks.
November Dividend Growth Stock Buys
|Symbol||Company Name||Date/Time||Quantity||Buy Price||Comm/Fee||Total Cost||Yield||Income||Y Div||Q Div|
|UL||Unilever plc (ADR)||11/10/2016||10||39.94||-0.34||399.40||3.55%||14.18||1.42||0.35|
|TRV||Travelers Companies Inc||11/3/2016||2||105.86||-0.35||211.72||2.53%||5.36||2.68||0.67|
|UL||Unilever plc (ADR)||10/25/2016||6||39.82||-0.33||238.92||3.56%||8.40||1.40||0.35|
|∑ = 18||∑ = 850.04||∑ = 27.94|
Below are some graphic charts from Simply Wall St that show the dividend yield range for the stocks purchased above.
TRV Dividend Yield
UL Dividend Yield
My dividend portfolio has been updated with these buys.
Have you been buying this month or are you waiting for the FED to raise rates?