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.
Wow… I can’t believe I still remember how to buy stock! It has been almost 2 months since my last stock purchase, when I purchased shares in AT&T (T) and Hormel (HRL) back in October. Can I say that it feels good to be back? I couldn’t help but sit on the sidelines, as during that two month period, the S&P 500 index has increased well over 4%+ during that time period. My dividend stock portfolio has been bolstering record-highs and finding opportunities out there has been difficult, to say the least. The stock I purchased has not moved in that two month span, and when dating back to three months ago, is actually down 10%. On December 21st, I purchased 58 shares into HCP, Inc. (HCP) and let’s dive in to see why!