Friday, February 10, 2017

Bought: CL, MMM, VFC, WMT

With the start of a new year, I've decided to kick it off by investing very aggressively in the first month.  There were several companies that had a slight pullback, and I was able to invest more capital in said companies.  It makes me glad that I can put money to work for me and start the compounding process sooner.

Without further ado, below is a summary of my recent purchases for the month of January:
  • I purchased 16 shares of Colgate-Palmolive Company (CL) at $63.75 per share in my taxable brokerage account.  This is a dividend yield of 2.45%, adding $24.96 to my taxable dividend income.
  • I purchased 5 shares of 3M Company (MMM) at $175 per share in my taxable brokerage account.  This is a dividend yield of 2.54%, adding $22.20 to my taxable dividend income.
  • I purchased 7 shares of 3M Company (MMM) at $174 per share in my Roth IRA account.  This is a dividend yield of 2.55%, adding $31.08 to my non-taxable dividend income.
  • I purchased 20 shares of V.F. Corporation (VFC) at $51 per share in my taxable brokerage account.  This is a dividend yield of 3.29%, adding $33.60 to my taxable dividend income.
  • I purchased 16 shares of Wal-Mart Stores, Inc. (WMT) at $67 per share in my Roth IRA account.  This is a dividend yield of 2.99%, adding $32 to my non-taxable dividend income.
After these purchases, my non-taxable dividend income will increase by $63.08, and my taxable dividend income will increase by $80.76.

What do you think of my recent stock purchases?  Do you own any of the same companies?

16 comments:

  1. Some huge dividends you will be bringing in. I own a small amount of Walmart will nibble here and there on it

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    1. Hi Dividendsandhobbies,

      I'm hoping that these purchases will help kick start my dividend growth machine at an accelerated rate for 2017. I'm also pretty happy with my purchases since all the companies I bought have long dividend track records.

      Thanks for stopping by and commenting.

      Delete
  2. Sticking with the known, solid dividend payers. I like CL, MMM, VFC. Pretty good yield too with all these buys especially VFC well over 3% since its price dropped so much. Thanks for sharing.

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    1. Hi Keith,

      I was pretty happy with the pullback in these companies, especially since they are solid dividend payers like you said. I'm looking forward to these companies to quickly accelerate my dividends.

      Thanks for stopping by and commenting.

      Delete
  3. Nice buys. All four companies have a nice track record of paying dividends. Our family owns 3 of the 4 mentioned (all but CL). Keep adding to those forward dividends! :)

    Best wishes and continued success! AFFJ

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    1. Hi AFFJ,

      I have been waiting to own MMM for a long time, and I finally decided to pull the trigger on that company when it pulled back. The other companies were bought so that I could average down my cost basis on these companies with long dividend track records.

      Glad to know another shareholder that owns the same companies as I do. :)

      Thanks for stopping by and commenting.

      Delete
  4. I'm long WMT and MMM. VFC is a stock I've been looking into adding to my DivGro portfolio. I'm not too familiar with CL (the stock) ... I'll take a look. Thanks for sharing!

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    1. Hi FerdiS DivGro,

      VFC was pretty beaten down the past few weeks; it seems to have bounced back up a bit as of today (2/22/2017). While I'm not a licensed investment advisor, if you like consumer staples companies such as PG, KMB, or UL, I'm sure you will like CL as well. But you should do your own research to see if it's a company you are interested in investing in.

      Thanks for stopping by and commenting.

      Delete
  5. All favorite companies of mine also. All good track of paying dividends and increases like clockwork.

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    1. Hi Dividends 4 Future,

      I love investing in the "boring" companies; those are usually the ones that will help you build wealth (albeit slowly, but pretty much fool proof). You said it perfectly - "all good track of paying dividends and increases like clockwork."

      Thanks for stopping by and commenting.

      Delete
  6. I've not braved the single stock purchase world - I still play in mutual funds.

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    1. Hi TPOHappiness,

      That's totally cool if you play in mutual funds. I own two mutual funds as well from Vanguard. Honestly, the formula to financial independence and building wealth is to be frugal and to invest as much of your savings as possible. As long as you stick with investment vehicles that you understand and are comfortable with, that's all that matters.

      Thanks for stopping by and commenting.

      Delete
  7. Awesome Buys! It's amazing to make that many buys back to back. you picked some solid names. I'm really looking to get into VFC and MMM soon.

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    1. Hi Diligent Dividend,

      Thanks! I'm pretty happy that I was able to make that many purchases too. I figure it's a great way to start off 2017 by increasing my dividend compounding machine early and aggressively. I have been waiting to buy MMM for years... haha... I just never bought because I always thought it was overpriced. But I'm really glad I made the purchases since it's a solid company.

      Thanks for stopping by and commenting.

      Delete
  8. Nice buy!!!!

    i am keeping an eye on utilities and NGG caught my attention. any thoughts ?

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    1. Hi Kris,

      Thanks! I'm not familiar with NGG so I'd have to do more research on the company. Utility companies that I like are ED, SO, and D. Hope that helps.

      Thanks for stopping by and commenting.

      Delete