As you know by now I make a stock purchase every single month no matter what is going on in the world and despite the doom and gloom headlines. Perhaps I am naive or more of an optimist that we will get through these dark financial times somehow. Either way, I have been busy buying up some stocks this month and was happy to put some fresh capital to work to try and recoup some of my lost dividend income courtesy of the numerous cuts bestowed upon my portfolio. I know the only thing in my power is to dollar cost average my positions buying at near all time highs while also buying during big time swoons and staying diversified to mitigate those dividend cuts we have all become familiar with in 2020 and let the market do what it will do. With that being said I continued to nibble and add to my portfolio:
I have added to my taxable account 13.4627 shares at $37.13 for a total investment of $499.87 in Aflac Incorporated (AFL). With this recent purchase my taxable account holdings in AFL now totals 388.8612 shares with a market value of $14,628.96.
I have added to my taxable account 11.6590 shares at $42.88 for a total investment of $499.94 in Altria Group, Inc. (MO). With this recent purchase my taxable account holdings in MO now totals 268.597 shares with a market value of $10,974.87. I also hold 47.1363 in my ROTH account.
I have added to my taxable account 9.5603 shares at $52.29 for a total investment of $499.90 in The Southern Company (SO). With this recent purchase my taxable account holdings in SO now totals 170.9693 shares with a market value of $9,150.28.
I have added to my taxable account 6.8910 shares at $72.55 for a total investment of $499.94 in Consolidated Edison, Inc. (ED). With this recent purchase my taxable account holdings in ED now totals 83.6425 shares with a market value of $6,350.98.
I have added to my taxable account 7.7881 shares at $64.19 for a total investment of $499.91 in Gilead Sciences, Inc. (GILD). With this recent purchase my taxable account holdings in GILD now totals 38.3601 shares with a market value of $2,494.94.
I have added to my taxable account 37.1294 shares at $28.86 for a total investment of $1,071.55 in AT&T Inc. (T). With this recent purchase my taxable account holdings in T now totals 169.7383 shares with a market value of $4,934.29.
In total I have put $3,571.11 of fresh capital to work in September and stuck very close to my September stock considerations. Again, I have no idea about the immediate future but long term, and with a diversified portfolio, I feel I can weather our current economic storm. Of course, these days it seems that no portfolio is immune from those dreaded dividend cuts but by staying the course and continuing to invest and diversifying greatly mitigates any of the nastiness.
What do you think about my recent stock buys? What are/was the plan for your September? Please let me know below.
Disclosure: Long AFL, MO, SO, ED, GILD, T
Love the purchases Keith. These are some fantastic dividend growth stocks. Aflac and AT&T continues to stay on my radar and in a price point that makes it hard to ignore. I’m always curious where AT&T will end up in a few years. For those that say their stock price cannot appreciate, it is worth pointing out that their stock price was in the mid to high $30 per share not too long ago.
Keep buying and adding great companies!
Bert
Hi DD,
T, like MO seem to be stocks that everyone loves to hate. Both have been long term dividend paying monsters but so many haters out there talking about debt, low to no growth, etc. From an income perspective, it’s hard to beat the high yield they offer in today’s environment. I think MO and T belong in any income portfolio. As with any stock there is a risk but, I’m willing to take that risk and diversify just in case T and MO crap out.
That’s an incredible haul and the month of September isn’t even over. Solid names all around. I’ve been adding to MO and T myself recently. Those starting yields are too good to pass up. Thanks for sharing.
FD
Hi FD,
You know my mantra of continuing to nibble during the highs and lows every month. I have no idea what the immediate future holds and will take my chances on a longer term brighter future. MO and T still look good today.
Hut –
I know Bert already commented, but wow, bravo! How much in total dividends were added?
-Lanny
Hi DD,
Honestly I do not know. I never calculated forward dividends because in my mind they are not guaranteed. A lot can happen between buying a stock and actually getting paid that dividend 🙂
Lots of cash added to great companies. Will pay dividends down the road lol. I’ve been adding to ABBV.
Doug recently posted…August 2020 Dividend report
Hi Doug,
I’m in this for the long haul that’s for sure. Can’t sweat the daily wild gyrations. Love your ABBV pick up. It’s already a very large portion of my portfolio but still looks enticing to me. Thanks for sharing.
Nice buys,i am adding MO,GD at the moment whenever i receive dividends.
desidividend recently posted…Expired options
Hi desidividend,
Those are good pick ups. I just added some more MO and GD too. I’ll be posting later today. The market gave us a nice flash sale this week. Why not take advantage?