With all the travel this month & a looming surgery for my wife, I’ve slacked off on my dividend growth investing. I’ve made only two trades so far this month and none of my existing limit orders are anywhere close to hitting. So, needless to say, its been a slow month.
However, not all is lost. I still have another few days… and a lot can change.
You’ll notice that I picked up a little HSEB – HSBC HOLDINGS PLC 8.00% preferred. It’s a bit of a gamble. But, I thought I would do a small, real world test to see how it works out. HSEB has been callable since December 2015. Meaning HSBC could redeem this preferred stock at its $25 price. If this were to happen tomorrow, I would loose $2 ([$27 buy price – $25 call price = $2 loss] or a total of $60 with my 30 shares). That would stink and would probably be a good lesson to learn… as risking real money on tests isn’t very bright.
However on the flip side, until they do call, they will pay $.50 every quarter. So, if they don’t call until the end of next year, I will receive 5 dividends payments of .50 each (.5 dividend x 5 quarters = $2.5). That would be alright. We’ll see how this shakes out.
New Buys - September 2017
Symbol Company Name Date/Time Quantity Buy Price Comm/Fee Total Cost Yield Income Y Div Q Div HSEB HSBC Holdings plc PERP SUB CAP SECS EXCH PREF SHS 9/26/2017 30 27.00 -0.33 810.00 7.41% 60.00 2.00 0.50 DIS Walt Disney Co 9/14/2017 15 97.86 -0.33 1,467.90 1.59% 23.40 1.56 0.78 CLX Clorox Co 9/28/2017 10 128.70 -0.33 1,287.00 2.61% 33.60 3.36 0.84 Symbol Company Name Date/Time Quantity Buy Price Comm/Fee Total Cost Yield Income Y Div Q Div ∑ = 55 ∑ = 3,564.90 ∑ = 117.00
Below is a graphic chart from Simply Wall St that shows the dividend yield range for the stock purchased above.
My dividend portfolio has been updated with these buys. I will keep this page updated with additional purchases made this month.