We weren’t kidding with our dividend stock watch lists posted earlier this month, expected dividend increases and even tweeting about how the market is opening up opportunities. It is always exciting when dividend aristocrats go on sale and one has capital to deploy. Due to the frugal lifestyle that Bert & I live, we were able to strike when the stock market took a few steps back. The end of October & early November has opened up quite a few opportunities in the dividend investing arena and what do Dividend Diplomats do best? You called it, brother, dividend investing of course! Let’s dive in to see our recent purchase that we both ended up buying for our respective dividend stock portfolios!
The consumers staple industry is always highly sought after by dividend investors. They typically are companies that have been around for many, many years that date back even before our time. As dividend investors, we love companies that make products that are widely consumed by majority of the populations, at least in developed countries, but also those that have plans to expand to those countries not as developed. Growing up, I loved pepperoni, chili and other types of food. A brand sticks out to me that serves both up, as well as is expanding into the food conscience society we live in now and that major player is Hormel Foods Corp. (HRL). On October 19th, I purchased shares into this perfectly tasteful pepperoni making company!
Three years and three or so months ago, my portfolio crossed the first six digit mark in it’s existence. Back in June of 2014, the dividend investment portfolio crossed $100,000 in market value. Now I never posted about the portfolio crossing $200,000, but something about $300,000 had a nice ring to it. It took me over 5 years to get to $100,000 and only 3.25 short years to triple that amount. I hope we all can take a pause to think about that for a second, as my article will be focused on HOW I was able to garner a $300,000 portfolio and how YOU can too. Check out how I was able to cross and crush through the $300,000 dividend stock portfolio mark!
Well I don’t think that this article should come as a surprise to too many of you. If you couldn’t tell by my recent watch list, I was itching to buy a stock! Time to move some cash from the sidelines and into an income producing an asset. This week I ultimately purchased one of the four stocks on my watch list. Here is why I decided to add to my stake in Canadian Imperial (CM).
Recently, I’ve had an itch to purchase a stock and I was motivated as heck to scratch the itch. The motivation is coming from all directions. Whether it was from seeing my cash balance increase since I have been hoarding cash while preparing to move into our house, seeing impressive growth rates in our monthly dividend investing income summary from the community, and quite frankly, watching Lanny to continue to add to his portfolio and see his dividend income soar. We all motivate each other and push each other, and seeing all of you crush it has motivated to move some cash from my recent “hoard” to my investment account and add a company that is on my last watch list. I still have a long, long, way to go if I am going to catch Lanny. But heck, I have to start somewhere, right?? All, check out why I added to my stake in Cardinal Health, Inc. (CAH) the other day.
Who doesn’t love an enjoyable experience when flying? I know I do. However, enjoying a flight is a rarity these days, especially when top airliners are making their own “headliners” from ripping people off planes, arresting them or the customer service is of the worst quality. Personally, when I think of the most enjoyable experience that I’ve had from terminal, to boarding, to getting off the plane, I can only think of one airline. That airline is Delta and I happened to purchase their stock last week.
The captain is back in the steering wheel and I directed the ship to another stock investment purchase. This so happened to occur on August 1st and felt nice to start the month off with deployment of fresh capital. As I look to close out the last 5 months of the year strong, i made an additional investment purchase into Cisco (CSCO) as the dividend metrics were right up my alley. It’s time to jump into my stock purchase, in order to find out why and how the dividend metrics appeared.