October 2022 Dividend Stock Purchases

As I'm writing this blog post on Oct. 28, the temperature is expected to reach a high of 61 degrees Fahrenheit here in Central Wisconsin. And the weather will be just as warm over the next few days. That's why I plan on definitely getting outside this weekend!

Weather aside, I have made all of the dividend stock purchases that I plan on making for this month. Thus, I will be detailing my dividend stock purchases for the month of October 2022.

As I did in September and in the months prior, I added to my position in the non-dividend stock, Amazon (AMZN). I purchased a single share of the stock at a cost of $115.04.

I also boosted my stake in the other non-dividend stock in my portfolio, which is Alphabet (GOOGL). I acquired another 1.5 shares in GOOGL at an average cost of $97.39 a share.

My first dividend stock purchase during the month was 21 shares of STAG Industrial (STAG) at an average price per share of $29.70. As I alluded to in my October 2022 Dividend Stock Watch List post, STAG is a high-yielding real estate investment trust with a safe dividend. The company also is steadily growing and trading at a cheap valuation. This dividend stock purchase added $30.66 to my net annual forward dividend income, which equates to a 4.87% net dividend yield.

My only sale for the month was 15 shares of Haleon (HLN) at an average price of $6.12 a share. HLN is the consumer health division that was recently spun-off from GlaxoSmithKline (GSK), which will eventually pay out 30% to 50% of its profits via a dividend. While the company has a solid brand portfolio, I feel as though I already have a strong enough bench of consumer staples.

My next dividend stock purchase during October was three shares of Medifast (MED) at an average cost per share of $118.30. Like STAG, this was also on my watch list for the month. The $19.68 boost in net annual forward dividends by this transaction is equivalent to a 5.55% weighted average yield.

The third and final dividend stock purchase was Comcast (CMCSA), which was also on my watch list for October. I added eight shares of the stock to my portfolio at an average cost of $33.84 a share. This buy added $8.64 in net annual forward dividends to my portfolio, which works out to a 3.19% net dividend yield.

Concluding Thoughts:

Excluding my sale of HLN, I deployed $1,418.62 of capital during the month. This equates to a weighted average net yield of 4.16%.

I also received a $25.12 boost in annual net forward dividends via dividend increases during the month. My net annual forward dividends surged from just over $3,175 heading into the month to just over $3,260 by the end of the month.

Discussion:

How was your capital deployment for the month?

Did you open any new positions in October 2022 as I did with my purchase of STAG?

Thank you for reading. Please feel free to comment below!