It feels great to post my recent buys this month. I had been waiting awhile to make new stock purchases because almost everything in the market was quite high. Then recent scares brought things down a bit. And that was the perfect opportunity to take advantage and make some new buys. Ever since my SRLP sale, I have been in the process of re-balancing my portfolio. With these new buys the majority of that project is now done until October. It will not be until October that I will be fully “reloaded’ to purchase any new stocks. But without further ado, last week I made two buys: LyondellBasell Industries (LYB) and AT&T (T).
Last week, I bought 26 shares of LyondellBasell Industries (LYB) at $75.61 per share. With that, LYB became the 26th stock in my portfolio. This purchase added $109.20 to my forward dividend income. For my next purchase, I added to the position I already had in AT&T. I bought 125 shares of T at $33.58 per share. This purchase added $255.00 to my forward yearly dividend income. The total amount of dividends I will be receiving from T is now $944.52 in forward annual dividend income. All in all, these purchases added $364.20 in dividend income to my portfolio.
This means that my portfolio will now generate $9,502 in dividend income over the next 12 months. When I sold SRLP back in June, I took a hit in losing $1,068 in dividend income. With my recent purchasing activity this summer I have regained $838 of that dividend income. That translates into a little over 78% of what I originally lost. With $230 more to go, between dividend increases and new purchases, I should recover most or all that dividend income that disappeared with the sale this year.
So, I would say things have progressed nicely in re-balancing my portfolio. Plus, I am still on track to cross $10K in annual dividends sometime in the first half of 2020! So, what do you think of my purchases? Own any of these companies? Have you made any recent stock buys? Let me know in the comments below!
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