Today’s purchases: Proctor & Gamble and Ford

I didn’t receive any dividends today, so did a little shopping instead.

I’m not even going to keep track of the number of consecutive days I’ve either made a purchase or received a dividend because, well, because I’m simply not going to miss any. I found something that works for me and I’m gonna roll with it. I also found a way to take advantage of the days the market is closed: deposit funds.

It’s kind of a no-brainer – I know – but I never thought about it until I committed to taking daily steps to boost my Dividend Farm. So, for transparency’s sake, here’s my two-pronged plan for the rest of this year.

  1. I’ll make a purchase on days the market is open and I don’t receive at least one dividend (days like today).
  2. I’ll deposit at least $50 into my Robinhood account each and every day the market is closed (weekends and holidays), giving me around $400 to play with each month.

The plan is all about consistency. Deposits and dividends obviously increase my purchasing power. Purchases, meanwhile, increase my annual dividend income. The schedule I outlined above will ensure one of those three things happens every … single … day.

Baby steps, baby! It’s all about baby steps.

Anyway, back to today … no dividend, so today’s baby steps came in the form of a few purchases.

Proctor & Gamble

I scooped up a share of Procter & Gamble (PG) for $81.36, doubling my position to two shares at an average cost of $82.49. I lowered my cost-basis a bit, but not much. The position is now worth about $160 and makes up 1% of my portfolio.

Poctor & Gamble is a dividend beast … and it’s on sale at just a tick over its 52-week low of $80.10. It’s been dishing out dividends for more than 100 years, raising the payment for each of the last 64. The $2.76 annualized dividend represents a 3.40% yield, which is plenty juicy enough for me.

Ford

Speaking of juicy, I’ve been on a Ford (F) kick for a couple weeks now. I had a bit of cash left over after the PG purchase so decided to grab a couple shares of Ford while it’s scraping against its 52-week low. It seems like Ford is down a little more every time I turn around, which is fine by me. I’m perfectly happy continuing to park my cash with the company and collect that 5.60% dividend yield.

I picked up two shares of F for $20.75 ($10.38/share). The purchase ballooned my position to 34 shares at an average cost of $11.59. It’s worth a little more than $350 as of this post and makes up 2.23% of my portfolio.

So far this week …

I received a $0.75 dividend from PNC on Monday and created $3.96 worth of forward annual dividend income thanks to purchases of Proctor & Gamble and Ford today (Tuesday).

I also recently posted my January Portfolio Update. Check it out if you haven’t yet.

March on!

2 Responses to “Today’s purchases: Proctor & Gamble and Ford

  • CanadianPassiveIncome
    10 months ago

    Nice buy.. i want to scoop up pg but was hoping it would keep falling. We will see how the rest of the week gos.

    • Thanks! Yeah, I may pick up more if it stays in this range. I love the divi track record and the company has some really solid brands.

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