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

15 thoughts on “Recent Stock Purchase August 2018

  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

  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

  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.

Leave a Comment

CommentLuv badge

This site uses Akismet to reduce spam. Learn how your comment data is processed.