You read that tile right! I may have accidentally purchased a dividend stock last week. Long-story short, on Tuesday, April 10th, a trade went through that relates to my lack of paying attention to my own account set-up strategies. Not only did the purchase go through, it happened to be on a day that the market was doing well, so it wasn’t even a timely purchase at all, either! I ended up purchasing $606.00 worth of Citizens & Northern (CZNC) on Tuesday, April 10th. Let’s see the summary below.
Last week, with a volatile stock market, I decided to jump right back into the action. All of us have been watching this market closely and getting excited about the opportunities that have started to present themselves. I had some extra cash on hand and wanted to add to several positions in my portfolio. After some research, my investment decisions were made and I found the two stocks I wanted to purchase. Here is why I purchased shares of Procter and Gamble (PG) and Starbucks (SBUX) last week.
Are you holding on tight? This market has been absolutely insane. Wait, that is an understatement. This market has been gut wrenching-ly amazing, for those that have capital, that is. A ton of capital, we do not have, but we each had enough to make a separate purchase into a company that we both have had an eye for. In fact, Lanny purchased this company just a few weeks ago and couldn’t get enough of it. As the winter has continued on, we have our heat going and our energy bills are staying consistent, to which Dominion (D), has surely enjoyed that. We each made a separate purchase in Dominion (D) earlier this week!
I couldn’t hold back any longer. Time to take the thinking of making a purchase and, instead, just buying when the metrics are right. The metrics were right for me in this instance. A few days ago, I made my second dividend stock purchase of the year and it was a “safer” play, some may say. Let’s just say, the winter has been very, very cold this year and that usually means larger than normal gas bills. I decided to buy a dividend stock, that will help offset those utility bill increases! Let’s see what dividend stock I purchased to warm up the portfolio.
My first purchase of the year. With the market continuing the rollercoaster ride, seeing many red and many black days, I just had to make a move. On February 12th, I made my first stock purchase of 2018. As you read the title, this has been quite the favorite of Bert’s lately and it was time for me to add to my position. The price was very sweet and difficult to pass up and I am very excited to write about the capital that was added. Now let’s see what price and why I made this dividend stock purchase!
The market continued to slide the first few weeks of February. Dividend Aristocrats and other great dividend stocks continued to fall to levels I haven’t seen in a while. Lanny and I were having multiple discussions each day about which stocks are looking great and where to potentially focus our attention. Look how strong some of the names are that were on his January dividend stock watch list. Well, there is one stock that has continued to catch my eye as the price continues to decline. I’ve purchased the stock twice already in 2018 and I could not resist when their price fell below the half-century mark. Here is why I bought Realty Income (O) for the third time in 2018!
2018 is off to a roaring start. The stock market continues to rise and companies are announcing dividend increases and share buyback programs left and right. Dividend investors everywhere are feeling a nice jolt, that’s for sure. Outside of dividend increases, January has been a busy month for me. It has been a long, long time since I have done this. But last week, I purchased Realty Income (O) for the second time in January.