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?