With November ending soon and the markets on an uptrend, I decided to add to some of my lagging existing positions. I couldn’t resist these juicy yields, as a result of stock price declines, and decided to deploy a small amount of cash this month. My preferred method has always been to dollar cost average into stocks. I nibble here and there every month no matter the market conditions. Sometimes my dollars buy me quite a few shares, other times the same amount buys me less. Either way, I am building up my positions and slowly increasing my passive income stream. With that being said here are my buys for November:
| Date | Symbol | Description | Quantity | Price | Amount |
|---|---|---|---|---|---|
| 11/22/2023 | UGI | U G I CORP | 3 | $21.745 | -$65.24 |
| 11/22/2023 | MO | ALTRIA GROUP INC | 3 | $41.1438 | -$123.43 |
| 11/03/2023 | MO | ALTRIA GROUP INC | 2.447 | $40.8663 | -$100.00 |
| Total: | -$288.67 |
As you can see, I have been buying a lot more of the same. MO and UGI have been in the dumps in recent months and continues to offer a compelling yield at current prices. These recent buys allowed me to lower my average buy price while I wait patiently for that turnaround in those names. What have you been buying in November? Please let me know below.
Disclosure: Long MO, UGI
Thanks for the update Div. I plan on adding to MO as well once I get paid and I might add to O (If the prices drops to $50-$52). Wanted to pick your brain on something. Mcdonalds is too much for me right now and I found another that might be a good fit. What are your thoughts on wendys as a dividend stock?
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Hi RB,
I have been liking MO for a couple months as price declines gave us yields close to 10%. Never considered WEN for my portfolio. In that space I have stuck with MCD and YUM exclusively. Sold my YUMC spin off when dividend growth was pretty much nonexistent though I have been looking at buying it again potentially. Not a fan of WEN’s high payout ratio. This might suggest low to no dividend growth for the future or even a cut though these days many corporations have a bigger bag of tricks to raise cash through debt to cover dividends (not good). My two cents.
Ah ok. I wish MCD wasn’t so expensive though lol Oh well, maybe I will bite the bullet in a few months once more capital becomes available.