Back on the gravy train

Thursday, March 30, 2017

After a dry Wednesday dividend-wise, I received a pair of payments Thursday to make up for it.

Gilead Sciences (GILD) paid me a cool $0.52 while T. Rowe Price (TROW) hooked me up with $0.57. Too bad I’m reinvesting all my dividends because I can think of a million different things I could spend the $1.09 on … haha.

This was my first time getting dividends from both companies. I opened positions fairly recently. GILD was and still is dirt cheap after a steady slide that started last summer and has only recently begun to slow down. It has a 3.09% yield and P/E ratio of 6.77, though, and a payout ratio of next to nothing (20.93%). I don’t know if GILD has bottomed out or will sink a bit more, but I can’t see it falling forever. Reversal will be nice and I’ll keep raking in the dividends while I wait.

TROW is another value pick. It was well off its 52-week high when I purchased it and still isn’t anywhere near the $79-mark it was trading for late last year. It’s yield of 3.36% is appetizing, too. TROW just raised its divi from $0.54 to $0.57, and has been boosting its payments for 30 straight years.

Bottom line: I plan on getting a lot more dividend payments from both of these companies in the years to come.

The combined $1.09 increased my March dividend income to $21.54 and my year-to-date income to $40.60.