Tuesday, October 8, 2019

September 2019 Dividend Stock Purchases

As I write this, it's the last week of September and I'm at the tail end of recovering from my wisdom teeth removal a few day ago.

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.

Summary:

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.

Discussion:

How was capital deployment for yourself in September? What did you purchase during the month? Did you initiate any new positions? 

As always, t

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