The recent fluctuations of the stock market have created some great buying opportunities. This is one of the few times where I make two purchases at the same time. Normally, I let my dividends and savings build up to $4000 then pull the trigger on a single stock. However, these opportunities were too good to pass up, so I divided the $4000 I saved and made two new buys. Last week I made the purchase of two dividend giants; Proctor and Gamble (PG) and PepsiCo (PEP).
During the first week of April, I purchased 25 shares of Procter and Gamble (PG) at $78.55 per share. With that, PG has become the 17th stock in my portfolio, the Dividend Empire! This purchase has added $68.95 to my forward annual dividend income. My next purchase was 18 shares of PepsiCo (PEP) at $107.97 per share. PEP has now become the 18th stock in my every growing portfolio. The purchase of PEP has added $57.96 to my forward annual dividend income.
Altogether, the buys of both PG and PEP have added $126.91 to my yearly forward dividend income. My portfolio now stands to generate $8769.61 in dividends over the next twelve months. To make these buys even better is the expected dividend increases for both these companies that will be declared over the next two months. Over the first quarter of the year (3 months), dividend increases from companies alone added $155.21 to my forward dividend income. PG and PEP will add to that nicely.
I am quite happy with these buys and I can see myself building up these positions in the future. I even went out and bought a Pepsi to celebrate my new positions. 🙂 Looking forward to collecting dividends from both these companies! What do you think? Do you like these buys? Do you already own these stocks? Let me know in the comments below.
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