Friday, July 25, 2014
New Purchase - GPC
I went ahead and snagged some additional GPC shares the other day. Yeah, yeah I know. Shares aren't exactly cheap right now (not that GPC ever is), but this one of a handful of companies I don't mind paying a premium for. I am in fact willing to pay extra for added certainty. Certainty of dividend growth. (Almost) certainty of EPS growth. I don't really like surprises which is where GPC really shines. Far from a sexy business, yet very steady. Anyways Genuine Parts is a company run very well. I regularly listen to conference calls and feel quite comfortable with these guys controlling the fate of part of my portfolio.
58 consecutive years of dividend growth says a lot!
$374.03 of this purchase was reinvested dividends... yet I will add it to my cost basis unlike DRIP investors who think reinvested dividends are free... sigh...
Now that I control 31 GPC shares, it has a dividend weight of 1.15% and will pay me a total of $71.32 per year. I have plenty of room to keep adding shares of Genuine Parts, though I might just purchase some new DE or GE shares Monday next week. We'll see...
Sorry that I don't really respond to comments anymore. To be 100% honest, I'm not really that interested in blogging/blogs right now. I want to keep posting what I buy for future reference though.
Have a great weekend you guys!