On 9/7/2016, I purchased 1.4257 shares of Target Corp. (TGT) at $70.14 per share. This is a dividend yield of 3.42%, adding $3.42 to my taxable dividend income. Recently, I have been investing in TGT on my Loyal3 account since that is one of the stocks offered and I believe it is attractively valued. The P/E ratio is pretty low and the dividend yield is above 3%, which is difficult to find in solid companies nowadays.
Additionally, on the same day, I purchased 1.6653 shares of V.F. Corporation (VFC) at $60.05 per share. This is a dividend yield of 2.46%, adding $2.46 to my taxable dividend income. This dividend yield is not as good as TGT, but this is another company offered on Loyal3 that I believe is attractively valued. It has a long history of dividend increases similar to TGT, and it has also been increasing its dividend in the double digits. More importantly, VFC is a company that has solid brands such as The North Face, Vans, Timberland, Jansport, Eastpak, Eagle Creek, Nautica, Wrangler, Lee, MLB, NFL, and Harley-Davidson. In my opinion, this is a company that has really carved out a niche for itself in the apparel industry.
What do you think of my recent stock purchases?
Nice purchases! we own both companies and nice to have you as a fellow shareholder.
ReplyDeleteThanks for sharing, best wishes and continued success! AFFJ
Hi AFFJ,
DeleteThanks! I'm glad to know another fellow shareholder. It's also great to know that you see see value in the same companies.
Thanks for stopping by and commenting.