With that said, my purchases for the month of September are etched in stone at this point as I don't anticipate any additional investments until October.
I know I had indicated in my inaugural post for this series that I didn't believe I would be making any large investments in the near future, but I'm front loading my investments now. This decision can be explained by the fact that I was trying to get myself through my wisdom teeth extraction earlier this month, as well as my inability to delay my source of gratification, which is investing (ironic that a DGIer is that impatient, I know).
As we'll discuss below, September was a massive month in terms of capital deployment and dividend income added since the previous post.
I started off my buying spree by adding to my stake in Philip Morris International (PM) on September 9, purchasing 1 share for $73.50. This added $4.56 in annual forward dividends at the time of my purchase.
The next day I added a unit to my position in Energy Transfer (ET) at a cost of $13.95, which added $1.22 in annual forward distributions.
I began a buying spree on September 12, adding a unit to my Enterprise Products Partners (EPD) stake at a cost of $28.93. This purchase added $1.76 in annual forward distributions.
Later that day, I added to my position in Albemarle (ALB), purchasing 2 shares at a cost of $69.95 a share, which added $2.94 in annual forward dividends.
I continued my buying spree that day, adding 3 more shares to my Altria Group (MO) position at an average cost of $44.96 a share. This purchase added $10.08 in annual forward dividends.
I concluded my purchases that day by adding 2 more shares to my PM position at an average cost of $75.40 a share, adding $9.36 in annual forward dividends due to PM's dividend increase the prior day.
I added to my position in ET again on September 20, at a cost of $13.64 on the unit I purchased, adding $1.22 in annual forward distributions.
Besides the developments in my taxable accounts, the contributions and dividends in my retirement account added 4.372 shares and $9.36 in annual forward dividends.
I concluded the month with my largest purchase of the month.
I finally initiated a 10 share position in British American Tobacco (BTI) on September 23 (the day of my wisdom teeth removal), at an average cost of $35.74 a share. This purchase increased my annual forward dividends by $26.80.
My annual forward dividends increased by $67.30 as a result of my capital investments and another $0.65 in dividend increases in September, increasing my annual forward dividends by $67.95, from $649.56 to $717.51.
September was an incredible month in terms of capital deployment, with $1,181.26 invested during the month. The $67.30 added from capital investment and reinvestment equates to a 5.70% yield.
Overall, September was a great month in terms of both dividend income added and capital deployed.
I'm looking forward to reaching the $1,000 annual forward dividend mark, and believe that will occur sometime next spring.
How was capital deployment for yourself in September? What did you purchase during the month? Did you initiate any new positions?
As always, t