I purchased 24 shares of HNZ the other day. As I've stated in other posts I like HNZ because I use their products which will increase stocks I directly support at the grocery store. I picked the shares up around $51.70, giving me a yield of about 3.7%. Heinz is a food company best known for ketchup, but also manfactures frozen dinners/snacks, salad dressing, spaghetti sauce, and other products world wide. HNZ is a dividend challenger having increased dividends for 8 consecutive years; has a nice yield of around 3.7% with a payout ratio of about 65%. I might buy more shares on dips.
I am still planning to make one more purchase in February. Kellog (K) has seen its price spike with news that it will be purchasing the Pringles brand from P&G. At its current price around $53, I'm no longer interested. I am closely watching NSC, GD, and SBSI. Those three are on my radar at this time.
Nice pickup there, and a strong yield! 3.7% is nothing to sneeze at in this market.
ReplyDeleteI decided to buy shares of NSC and PEP today on some mild weakness. I wasn't planning making a purchase this month (let alone two), but I guess you can't keep me away.
K sure had a strong pop!
Take care!
Yeah I bought NSC yesterday as well, it finally met an acceptable starting yield for my strategy. PEP is another stock that has some value, unfortunately I do not want to increase my stake in PEP at this time. Nice buys.
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