This week’s steps: 17 purchases and 12 dividends

I dropped nearly $3,000 on stocks in the last 5 days

Tax time.

Some people love it. Some people hate it. Personally, I’m nestled firmly in the “love it” category … and you probably don’t have to think too hard to figure out why.

Yeah, it’s because of the refund check. Who doesn’t love a refund check?

In the past, before I got into dividend-growth investing, I blew the whole thing on something I wanted, or my wife wanted … maybe something for the kids. It was always something nice, but never something we needed. This year, though, like last year, I used a good chunk of the refund on stocks. By a good chunk I mean exactly $2,820.26.

This Week’s Purchases

I added to a few existing positions this week, lowering my cost basis in IBM, Procter & Gamble, Clorox, Altria, Pfizer and Ford. IBM has been in a tail spin since Wednesday, dropping by 8% this week alone. So, what do I do? I double my position, buying five shares for $749.95 ($149.99 a pop). In retrospect, I looks like a bought them a day or two early, but what can you do, right? Nobody’s perfect.

Consumer staples saw a similar drop Thursday, so I took advantage. I picked up two shares of CLX for $240.42 ($120.21 each), four shares of MO for $231.96 ($57.99 each) and two shares of PG for $150.46 ($75.23 each). I’m up to five shares of all three companies.

As for PFE and F, I bought a share of PFE for $36.36 and 11 shares of F for $120.11 ($10.92 each). I’m at two shares of PFE and 50 shares of F after the purchases.

I must say, I’m pretty happy with all of the additions … it’s always nice to pile up shares of good companies and average down in the process. I’m even more excited, though, about the new positions I initiated. I didn’t always get the best deals, but I did something I wanted to accomplish this year all at once: I completed my 150-stock portfolio.

That’s right, I’m up to 150 stocks – 50 that pay quarterly dividends in January, April, July and October, 50 that pay quarterly in February, May, August and November and 50 that pay in March, June, September and December. It won’t be long until I’m receiving exactly 50 dividend payments per month. I can’t wait. I have my top 150 … now I just have to stockpile shares.

If interested, you can check out my portfolio HERE.

I started the week with 47 companies that paid on the January-April-July-October schedule. That said, I added single shares of Allstate for $97.05, Watsco for $190.81 and Packaging Corporation of America for $117.14 to get to 50.

I was up to 44 that followed the February-May-August-November schedule, so I scooped up shares of Morgan Stanley ($53.12), Eaton ($78.95), Caterpillar ($155.92), Cracker Barrel ($164.14), Constellation Brands ($231.84) and Xilinx ($68.56).

Finally, I added single shares of Las Vegas Sands ($72.51) and Magna ($60.69) to bring me to 50 that pay in March, June, September and December.

The purchases raised my forward annual dividend income from the mid-$600 range to $753.56. That’s $62.80 a month, $2.06 a day and $0.09 an hour … 24 hours a day, 365 days a year.

When I earned my first dividend – a $0.50 payment from Walmart in January of 2017 – I never thought I’d be on track to earn more than $700 annually just over a year later. That said, now that I’m there, I can tell you it’s more than doable. I don’t make a ton of money, those of you who’ve read my About Me page know that. I’m just committed to funneling as much into my portfolio as I can. The fact I reinvest every cent of dividend income that comes my way doesn’t hurt, either.

This Week’s Dividends

I received a slew of dividends this week as well – $0.35 from RSG, $0.53 from CINF, $0.34 from POR, $2.94 from AVB, $1.02 from WPC, $0.46 from MDT, $0.92 from CAH, $0.88 from DTE, $0.36 from LEG, $0.37 from THO, $0.50 from DGX and $0.11 from CY – but again, the last five days or so were all about the purchases.

Thanks for following along. Oh, and if you received a tax refund, and haven’t blown it yet, buy a handful of dividend-paying stocks. Put your money to work.

March on!

One Response to “This week’s steps: 17 purchases and 12 dividends

  • I, personally, don’t want a tax refund. That just means that I’ve been giving the government too much money as a loan throughout the year tax free. I’d rather get up to $100 ask so that I know I’m getting taxes just enough. It is best to put your cash to good use once you get it – all of what you’ve earned.

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