The stock market has been really interesting these past few days... There was a huge pullback where many companies saw a drop in their share prices. But then in just a couple of days, the prices are pretty much back where they were. During the slight market sell off, I made a few more purchases to my Roth IRA account, maxing out my Roth IRA contributions for the year.
On 9/16/2016, I invested in three companies in my Roth IRA.
I purchased 12 shares of Automatic Data Processing, Inc. (ADP) at $86.5399 per share. This is a dividend yield of 2.45%, adding $25.44 to my non-taxable dividend income. This is a new position in my portfolio. ADP provides business process outsourcing services worldwide. It offers payroll services, benefits administration services, talent management, human resources management solutions, time and attendance management solutions, insurance services, retirement services, and tax and compliance solutions. I have wanted a position in this company for a while and I'm glad I finally was able to get my foot in at a decent price in my opinion.
I purchased 9 shares of The Clorox Company (CLX) at $122.55 per share. This is a dividend yield of 2.61%, adding $28.80 to my non-taxable dividend income. This is a new position in my portfolio. CLX offers laundry additives, home care products, naturally derived products, professional cleaning and disinfecting products, charcoal products, cat litter products, digestive health products, bags, wraps, containers, dressings, sauces, walter-filtration systems and filters, and natural personal care products. This is another company I have wanted a position in for a while and I'm glad I finally was able to initiate a position at an attractive price in my opinion.
I purchased 11 shares of Pepsico, Inc. (PEP) at $105.21 per share. This is a dividend yield of 2.86%, adding $33.11 to my non-taxable dividend income. This is an existing position that I added more capital to since the amount I had invested in PEP in my Loyal3 account was de minimis. PEP is a great food and beverage company which I have wanted to own a larger position in for a while, and with the recent pullback, I'm glad I was able to initiate a position in this company.
After these purchases, my non-taxable dividend income will increase by $87.35.
What do you think of my recent stock purchases?