Monday, June 16, 2014
Weekly Purchase - DE
I continue to see value with Deere. Between today's purchase and TGT's improved dividend rate, my portfolio is set to pay $6,267.72 on an annualized basis or $522 per month. Deere dividends make up 0.59% of that amount which I intend to just about triple. I have to hope DE's share price keeps falling so I could acquire more shares (and therefore more income) for the same amount of invested capital. Worst case scenario DE's share price goes up forcing me to look elsewhere. I want lower prices during active accumulation and it's a shame the stock market hasn't really cooperated the past few years.
Other than Deere, I'm also considering BAX, GE, PG, and TGT for potential purchases. I should gain a new GE share tomorrow through Scottrade's FRIP program.
I will away from home without access to blogger the next week and a half or so. I plan to continue buying income securities as usual, but will have to post the transactions at a later date.
I hope you all have an awesome week!