Recent Buys – ED, PEP, and PG

I decided to beef up some of my dividend aristocrats this month with my recent buys – ED, PG, and PEP. This is actually the first time in a long time that I didn’t make a purchase of a new company. Instead, I built up some positions I already had. After three months of building up my savings it felt nice to pull the trigger and buy some more shares.  These three dividend aristocrats have raised their dividends each year for over 25 years. I plan on holding these for the long-term and collecting ever increasing amounts of dividend income over time.

First up is Con Edison (ED) which has 47 years of consecutive dividend increases. I purchased 28 shares of ED last week. Thus, I added $86.60 in dividend income. All in all, I now own 86 shares of ED that will generate a yearly forward dividend income of $266.60. Funny thing about Con Edison is that they are my electricity provider. This means they are paying my electric bills. For example, last month my electric bill was $36.96 while my dividends from ED were $44.95. Therefore, my bill was more than covered.

Next, I purchased 14 shares of Pepsi Co. (PEP) last week. Thus, I added $57.26 in dividend income. PEP has 48 years of consecutive dividend increases. All in all, I now 32 shares of PEP that will generate a yearly forward dividend income of $130.88. I think I will purchase a bottle Pepsi to celebrate.

My final purchase was adding on to Proctor & Gamble (PG). This dividend aristocrat can be considered a dividend king with 64 years of consecutive dividend increases. Last week, I purchased 8 shares of PG. Thus, I added $25.30 in dividend income. All in all, I now own 33 shares of PG that will generate a yearly forward dividend income over $104.37. Awesome!

This concludes my Recent Buys – ED, PEP, and PG. In total, I added $169.16 in dividend income with my recent purchases. I consider that a nice series of buys. Also, PG recently announced a 10% increase to their dividend and PEP is expected to increase their dividend within the next 4 weeks. My portfolio is now set to generate $11,358 in dividend income over the next 12 months. I am continuously moving towards the $12K dividend mark!

So, what do you think of my recent buys? The market is high right now, are you making any purchases? Also, do you own any of these stocks? Let me know in the comments below!