Friday, July 25, 2014

New Purchase - GPC

16 shares GPC, 2.68% yield, $36.80 annual income

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!


34 comments:

  1. The commission is a bit high for only 16 shares, that adds another .50 on the buy, and another .50 on the sell if you only sell 16 shares. I have been sticking to the Fidelity no cost ETFs. It looks like you use Fidelity too.

    ReplyDelete
  2. CI,

    I like that you are buying regularly especially when had some commission free trades. Building a great portfolio and finding the best value out there based on research and due diligence. Hang in there buddy! I enjoy following along.

    ReplyDelete
  3. CI,

    Great purchase. It is a company I have never considered or researched in the past. Very strong dividend growth. Sometimes it is worth paying a premium for a strong dividend growth company, especially for a company that has increased for 58 years. Thanks for bringing this copany to my attention.

    Bert

    ReplyDelete
  4. CI,
    Yeah this is one of those long-time dividend payers that always seems to be priced at a premium. I think a lot of us would like to get our hands on it but would rather wait for a dip (even if it goes to $100 and dips to $90!). That's why I try to DRIP into good companies like this one, but I haven't done so yet here.
    -RBD

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  6. CI:
    how come there's no commissions for those purchase? which brokerage offers commission free stock purchases?

    thanks

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  24. GPC is a great stock.
    I am sad to see another good blog about dividend investing going. I hope one day you can get back. Good luck!

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  25. This comment has been removed by the author.

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    Replies
    1. GPC is a solid one. Nice pick.

      I hope you continue to write and share your thoughts on DGI. You are one of my inspirations.

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