In what will probably be my final purchase of the year, I am happy to introduce my new recent buy; The J. M. Smucker Company (SJM). It is back to back, month to month, stock buys with my last purchase of 3M in October. Its feels good to pull the trigger again. Want to know what also feels good? I am happy to report that I received another raise from my job. The raise was not as big as the last one, but it did total nearly $1,300 added to my income. Every little bit helps. I can increase my savings and my investing further fueling the growth of the snowball.
Earlier this week I bought 20 shares of J. M. Smucker Company (SJM). And with that SJM became the 29th stock in my portfolio. This purchase added $70.40 to my forward annual dividend income. This time around I made the purchase before the ex-dividend date (yesterday). This means I will receive my first dividend payment next month. My quarter ending months are turning into 4-digit dividend giants. Looking forward to collecting dividend from SJM for many years.
Unless I win some serious cash, I am almost certain this will be my last buy of the year. I am in the process of saving up and letting my dividends accumulate. By the first month of 2020, I will be ready for some new stock purchases. My portfolio now stands to generate $9,725 in dividend income over the next 12 months. I am approaching the homestretch towards $10K. I consider the last $250 before a major milestone to be the “homestretch”. So, what do you think of my recent buy? Already own SJM? Any other stocks on your watchlist? Let me know in the comments below!
Have a Happy Thanksgiving everyone! 🙂
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