So a new month, a new deposit in my investing account and a new buy for my portfolio.
After doing some investigating in different stocks and reading (a lot) of my fellow bloggers in the community (thanks guys & gals) I saw a nice dip on General Mills (GIS) heading below $59.
I bought 5 shares @ $58,83 (it unfortunately dipped even lower now but what can you do 🙂 ). So its currently at its lowest point of the past 52 weeks (58.10 – 72.95) with a P/E of slightly above 21. The company has been paying dividends for about 117 years and has been increasing them for over 13 years. With a dividend yield of 3,33% and a payout ratio of 62,5% this seems to be a nice income generator for the coming years.
This buy will add $ 0,48 * 4 * 5 = $ 9,60 minus 15% withholding tax = $ 8,16 -> € 7,66 to my annual dividends total.
So next time I enjoy one of my favourite snack combinations of Bugles & goatcheese (Chavroux) I will be extra satisfied knowing I have supported my own dividend!
So what are you going to buy?