Recent Buys

The market and my activity have been rather quiet during the month so far.  Loyal 3 recently announced that they will no longer accept credit cards, this news is less than a week old and spread like wildfire.  I am sure you have probably read about it somewhere else!  Not to worry though.  They remain cost free at the moment and you are able to transfer money to and from a checking account to them.

I have continued to invest 100 per week into the account and will try to do so for the remainder of the year.   I have focused my buys for the month on two stocks UL and MAT.  I have added 150 (including this weeks) to those positions.  These new investments will add around 14 to my dividend income for the year.

A new company joins the family!

I have been looking to add additional diversification to my portfolio for a while.  My current portfolio has a significant amount of Consumer Cyclical/Defensive and Energy.  These make up the largest by both sector and dividends.  I have been doing research (when able) on trying to find some good companies in the Basic Materials and Financial sectors.  My allocation was further skewed by the steep drop in oil companies and my subsequent additional share pickups of (BP, CVX and XOM), while being only slightly offset by a purchase of AFL.

Sector Breakdown

Dividends by Sector

After doing my research and finding another company that sold of sharply recently, I decided to pull the trigger and add a half size position of BBL.  I bought 30 shares at about 54 and that will add ~74 dollars to my 12 month dividend income.   BBL adds the diversification that I need in a variety of Basic Materials and geography.  They are planning on spinning off some of their mine assets, but I like the business with or without those assets.  This will make a great addition to my portfolio and will join APD in the Basic Materials sector.

After these purchases my income is now at $4650.10 for the next twelve months.  I am continuing to march steadily upward.

Conclusion

The market is providing some good chances to deploy capital and in a few days I will have enough to potentially make another purchase by the end of the month.  All is rather quiet right now and I am trying to decide what my next addition will be.  A few compelling opportunities right now are EMR (recent raise of 9.3%),  BBL and BP.  I have also been looking at T. Row Price and like what I see there.  A very solid company with a long dividend history.

Disclaimer: Long EMR, BBL, BP, UL, MAT, AFL

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6 Responses to Recent Buys

  1. DivHut says:

    I like the UL pick up. It has been quite popular among many of the dividend bloggers in recent weeks. Seems that everyone like the $40 and below price for that one. Not sure about the MAT purchase. I know their recent decline is creating a pretty high yield but personally there’s no room for MAT or HAS in my portfolio. Thanks for sharing your update. Look forward to the next.
    DivHut recently posted…Rent A Cop Dividend StocksMy Profile

    • ILG says:

      Thanks for swinging by DivHut. I like UL too and will probably keep adding weekly for a while. The position is at about half of what I want it to be. I have been adding to MAT year round, I feel like the trouble they are in has been overblown. Fortunately, time will tell if I am wrong!

      Take care!

  2. Congrats on adding to your positions, ILG. UL and BBL are near the top of my list for buys…esp BBL looks very interesting at these levels. Its hard to pass up on the opportunity.

    cheers
    R2R
    Roadmap2Retire recently posted…Annual Goal AchievedMy Profile

    • ILG says:

      Hey R2R,

      UL and BBL are some of the better options in the market right now IMO. I bought BBL right before it dropped a bit and if it keeps dropping or nothing else appears appealing I may add to it. I am going to continue adding to UL for a while, the position is smaller than I want it to be.

      Take care!

  3. Thanks for sharing ILG! I like the pickups of UL and MAT in your Loyal3 account. I just started a small position in UL in my Loyal3 account this week. I hated to see the ability to use a CC go away, but let’s hope they continue with their fee free buying platform.
    Special Agent Dividend recently posted…Weekly Investment Activity – Dividend GrowthMy Profile

    • ILG says:

      Hi Special Agent,

      I am with you on the CC in Loyal3, but it was probably too good to last. Initially the one time buy limit was 2500 on a CC. With a rising market that easily was abused.

      As long as they stay free, I will continue to use them.

      Take care