No shortage of wild financial headlines in September. Market volatility seems to be the norm these days and with precious metals, oil and even cryptocurrencies all swinging wildly the past few weeks it’s enough to drive you insane. Of course, being a long term dividend growth investor affords you some solace as we tend to look at our investments over longer time periods which smooths out all the daily ups and downs as well as financial noise we are constantly bombarded with. Consistency is another key feature of the dividend growth investor and if you have been following my blog for a while you know that I make consistent purchases month in and month out no matter what is going on in the world. With that being said, and sticking to my September stock considerations:
I have added to my taxable account 30 shares at $40.82 for a total investment of $1,224.60 in Altria Group, Inc. (MO). With this recent purchase my taxable account holdings in MO now totals 220 shares with a market value of $8,794.48. I also hold 38 shares of MO in my ROTH account with a market value of $1,519.21.
MO continues to struggle in the near term but for those willing to risk some capital it can potentially reward you with a yield that is well over 8% as well as capital appreciation. When you think about the long history tobacco companies have along with their ability to navigate all sorts of fundamental, regulatory and legal hurdles it becomes difficult to outline a case for their demise.
What do you think about my recent stock buy? Are you picking up some shares too or sitting on the sidelines? Does tobacco have a place in your portfolio or not? Please let me know below.
Disclosure: Long MO