This morning, with a cup of coffee in hand, I was excited to perform research to identify a potentially undervalued dividend growth stock to consider investing in during the coming months. As a result of this desire to perform a stock analysis, I will take a deeper dive into International Paper Company (IP).
Lanny said it best, the post election stock market has been crazy. A lot of industries that have been trading at a discount, financials and REITs for example, have soared while other stocks that have traded at highs over the years are approaching buy-able levels again. Recently, I was able to knock out one of my 2016 investing goals by crossing $3,250 in projected dividend income; now, I have another goal in sight….investing at least $20,000 in “New Capital” into the market. I’m ready to keep the pedal to the metal and take advantage of some more opportunities that Mr. Market has presented us. Time to check out my November Dividend Stock Watch List!
A few weeks ago, I ran a stock screener and published my August dividend stock watch list. That screener had a new entrant that seemed to check most of our boxes for investing, Cardinal Health (CAH). Headquartered in the buckeye state, I instantly had flashbacks to college recruiting events since they sponsored A LOT of events at college. The stock price continues to fall, so I wanted to perform a detailed analysis on Cardinal Health before committing to buy this healthcare company. Here it is, my dividend stock analysis over Cardinal Health!
Earlier in the week, I crossed a big investing milestone….crossing $3,000 in forward dividend income. It took me 15 months to jump from $2,000 to $3,000 and at the end of the article, I challenged myself to hit the next milestone in half the time. To get there, I better get moving quickly. What’s the best way to increase your dividend income? Not a trick question here, but purchase stock! I thought it would be a good idea to do some research this evening and put together a small watch list of stocks that have caught my eye. Here it is, my August stock watch list.
About a month ago we published our September formal Watch List. A lot has changed over the last month. We have received a ton of dividends, the S&P 500 has been on a decline of 4.33% through October 17th. With October nearly in the rear-view mirror, it is time to update our watch list for the end of October and creep into November.