Recent Stock Purchase August 2018

I can’t believe it’s been six weeks since I made my last purchase in my DGI portfolio, but, if you’ve been following me for a while you already know that I make at least one buy every single month. It just happened to be that I made my August buy on the last day of the month. Part of the reason for my delayed purchase was not being able to decide where to deploy my cash for the month and the other was wanting to wait for my dividend cash pile to build up a bit more. With that being said, let’s take a look at my August stock purchases.

 

I have added to my taxable account 13 shares at $70.85 for a total investment of $921.05 in Dominion Energy, Inc. (D). With this recent purchase my taxable account holdings in D now totals 94 shares with a market value of $6,635.46.

 

I have added to my taxable account 29 shares at $31.95 for a total investment of $926.55 in AT&T Inc. (T). This is a new position.

 

I have added to my taxable account 16 shares at $58.55 for a total investment of $936.80 in Altria Group, Inc. (MO). This is a new position.

 

August ended up being one of my larger months for investment as I was able to put $2,784.40 to work in my dividend growth portfolio. I really broke away from my August stock considerations this month. A rare event but I guess it was bound to happen eventually. These three nibbles have given me two new small positions (T & MO) as well as additional exposure to one of my favorite utilities, D while providing my portfolio a nice shot of sustainable high yield in companies that are well below their 52 week highs. Going forward, I don’t expect T or MO to become large parts of my portfolio, rather “high yield” support for my other positions.

 

If I plan to use my dividends to supplement or fully fund my “retirement” years, I want to make sure I remain spread out among as many quality payers as possible to mitigate any potential negative impacts from loss of dividends or worse loss of a total position.

 

What do you think about my recent buys? Are any of these stocks in your portfolio too? Please let me know below.

Disclosure: Long D, T, MO

30 thoughts on “Recent Stock Purchase August 2018

    • Hi DI,

      It’s not often I buy several companies at once but seeing each trade at historically high yields was a little too much for me to ignore so I nibbled here and there. It will be nice adding two new dividend payers to my portfolio. I know all three names are popular among our DGI peers.

    • Hi ED,

      Happy to be a fellow MO shareholder. MO and T are both new positions and I expect those juicy yields to provide a nice boost to my passive income stream going forward. After all these years I find that I can still diversify my dividend income further.

    • Hi DD,

      I think many of our fellow DGI peers added or initiated positions in T and MO in recent weeks. Both stocks have traded down so far that current yields became too high to ignore. As always, I appreciate your comment.

    • Hi MR,

      I’ll be honest. Seeing those unusual high yields for all three companies compelled me to make these purchases. I usually don’t buy so much at once but when you see a stock(s) dragged down so far it makes a strong case to nibble.

    • Hi DD,

      I’ll admit, this was a high yield play on my part. Seeing some dividend stalwarts beaten down so much and presenting us with juicy yields was a little too hard for me to ignore, so it was time to nibble 🙂

  1. Been looking at D already have the other 2. They are good shareholder friendly. Love both of those both of them are hated by MR market right now. Will continue to add to them but at smaller amounts due to larger size of portfolio.
    Doug recently posted…Dividend Increase MOMy Profile

    • Hi Doug,

      Your comment highlights one of the main reasons I decided to nibble on two new positions T and MO, Mr. Market was pissing all over them. I like to buy companies that are not loved. Usually that means higher yields and lower prices so why not take advantage? Thank you for stopping by and commenting.

  2. I own both T and MO and my feeling on them is much the same as you. I don’t plan on getting the positions that large but as a bit of yield support to help the dividends keep flowing in while offering some support for some of the lower yield/higher growth positions that I have. Plus both of those are fairly sticky business models so when the economy does make it’s inevitable turn the businesses shouldn’t be hit that bad. I only own one utility company, CNP via shares of Reliant, that my grandfather had given to me probably 15 years ago. I want to branch out and add some more utilities because they typically offer higher yields and while the growth isn’t fantastic it should be steady year to year. Just a few months left until we can start putting capital back to work and I can’t wait to start doing that.
    JC recently posted…One Raise At A Time | Those Friendly Canadians!My Profile

    • Hi JC,

      Sometimes it’s OK to invest for high yield, especially when it comes from the likes of T, MO and a handful of solid utilities. As you mentioned, these companies operate with fairly sticky business models ensuring long term support for the stock. My utility holds are D, ED, and SO with an eye on PPL as well. For now three utilities are good enough unless some crazy buying opportunity arises elsewhere. As always, I appreciate your comment.

  3. I like the buys nice yield. Strong names. I’ve been nibbling at T myself. But, I do not see myself going back to that well. A little concerned that they seem to steadily be losing market share, and the dividend obligation might not be sustainable. I think a small position there is the correct approach.

    • Hi DS,

      I share your T concerns. Look, I have been in the DGI space for ten years and only now I am adding T to my portfolio. That says something. Seeing it trade at historically high yields was enough to push me over the edge and initiate a position. I don’t expect T to be a large portion of my portfolio rather “high yield support.”

    • Hi MDD,

      It will be nice to see my very first T and MO dividends. I have been reluctant to buy into these names but seeing them at historically high yields was a little too much for me to ignore so I nibbled. Thank you for commenting.

    • Hi DP,

      All three names seem to be quite popular among our DGI peers. I can see why. All offer great long term dividend returns with current juicy yields that can boost any portfolio’s passive income stream. Why not nibble when prices are at historical lows? As always, I appreciate your comment.

    • Hi MD,

      Thank you for that vote of confidence. I don’t really add new names to my portfolio often so a lot of thought went in before making these buys. I don’t expect T or MO to be large portions of my portfolio rather “high yield support.” Thank you for stopping by and commenting.

    • Hi DD,

      These names are very popular among many in the DGI community and for good reason. They can all help boost a portfolio’s passive income with those juicy yields. Thank you for commenting.

    • Hi DG,

      You said it. Seeing some historically high, juicy yields that appear to be safe based on current cash flow was too much for me to pass up. So I nibbled 🙂

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