In order to reach my dividend goal of earning $3,000 this year in dividend income, I need to start doing some serious investing. While the 2016 goal is ambitious (doubling last years dividend income) it is obtainable.
This is, without a doubt, the last year that I’ll be able to double my dividend income in a single year. As you may have read in my April dividend income report, I’ve calculated I need to put almost $20,000 to work in the next few months in order to get close. I’m not sure I can make it, but I’ll certainly try. Fortunately, I have a good amount of cash sitting in the accounts ready to be put to work.
This page will be updated as I make further buys this month. I would like to put at least $6,000 (responsibly) to work this month… lets see if the market will work with me.
My Dividend Growth Stock Purchased – May 2016
May 2016 Dividend Growth Stock Purchases
| Symbol | Company Name | Date/Time | Quantity | Buy Price | Comm/Fee | Total Cost | Yield | Income | Y Div | Q Div |
|---|---|---|---|---|---|---|---|---|---|---|
| INTC | Intel Corporation | 5/8/2016 | 12 | 29.86 | -1.00 | 358.32 | 3.48% | 12.48 | 1.04 | 0.26 |
| NKE | Nike Inc | 5/11/2016 | 6 | 56.86 | -1.00 | 341.16 | 1.13% | 3.84 | 0.64 | 0.16 |
| UNP | Union Pacific Corporation | 5/13/2016 | 4 | 81.86 | -1.00 | 327.44 | 2.69% | 8.80 | 2.20 | 0.55 |
| TGT | Target Corporation | 5/13/2016 | 6 | 73.86 | -1.00 | 443.16 | 3.03% | 13.44 | 2.24 | 0.56 |
| COST | Costco Wholesale Corporation | 5/13/2016 | 4 | 144.50 | -1.00 | 578.00 | 1.25% | 7.20 | 1.80 | 0.45 |
| PSX | Phillips 66 | 5/16/2016 | 6 | 77.38 | -1.00 | 464.28 | 3.26% | 15.12 | 2.52 | 0.63 |
| OHI | Omega Healthcare | 5/13/2016 | 12 | 32.57 | -1.00 | 390.84 | 7.12% | 27.84 | 2.32 | 0.58 |
| TRV | Travelers Companies Inc | 5/17/2016 | 4 | 110.86 | -1.00 | 443.44 | 2.42% | 10.72 | 2.68 | 0.67 |
| TGT | Target Corporation | 5/18/2016 | 8 | 67.45 | -1.00 | 539.60 | 3.32% | 17.92 | 2.24 | 0.56 |
| AAPL | Apple Inc. | 5/9/2016 | 4 | 92.86 | -1.00 | 371.44 | 2.46% | 11.40 | 2.28 | 0.57 |
| ∑ = 66 | ∑ = -10.00 | ∑ = 4,257.68 | ∑ = 128.76 |
2 Comments
Wow you have been busy! Lots of familiar names on that list. I’m also taking a really close look at TRV. Congrats on the buys.
Ken
Hi Ken,
Its been an exciting month! I also have another limit order on TRV waiting on the right price. We shall see.
Thanks for stopping by!