Looks like I waited till the end of the month to make my February buy. As you know I like to outline my potential picks at the beginning of the month and narrow down my choice(s) from there. While this recent pick up was not in my February stock consideration list it was in my January stock list. With that being said:
I have added to my taxable account 11 shares at $65.32 for a total investment of $718.52 in Gilead Sciences, Inc. (GILD). With this recent purchase my taxable account holdings in GILD now totals 16.0459 shares with a market value of $1,047.56.
As you can see, GILD is a very small portion of my overall portfolio and this further diversification should help mitigate any upcoming dividend cut surprises. I never want to become too reliant on just a handful of companies for the bulk of my dividend income stream. I know I still have a lot of work to do in that regard as a few of my holdings are churning out triple digit dividend payments every quarter.
What do you think about my recent buy? Are you looking at GILD or other health stocks? What are you buying? Please let me know below.
Disclosure: Long GILD