It's been a pretty active February when it comes to buys.
Switched out a couple of companies for better growth opportunities..
The centerpiece to building a solid dividend growth portfolio is to make sure you pick up shares of a company that regularly increase the dividend. Otherwise, you are only depending on equity growth to boost income.
Started a new position in Service Corps Intl (SCI). Good track record of growth at will not be going away. They are the owners of funeral homes. They have a very very captive audience that will only grow.
I did sell 2 holdings, PPL Corp (PPL) and Vitaris (VTRS). To cut a long story short, I did not like the direction they were going in financially. With the funds, I purchased the SCI and 63 shares of Leggett and Platt (LEG).
The final tallies: $2,239.18 invested and will receive 2.24 les in dividends annually from them. The positive is they have LOTS of room to grow. All have a decent payout ratio.
Here are the details:
Your buys have been impressive. Love the SCI pickup. It's been on my shortlist for a while, but I still struggle to pick up stocks with lower yields even when everything else is sound.ReplyDelete
Thanks Jack. I had SCI on my watch list for like a year. I pulled the trigger when I jettisoned PPL. Feel good about the move.Delete