So as I said in my previous post I had the option to add an extra cash deposit in my brokerage account due to receiving my holliday allowance. Since I was looking at a tech stock already it didn’t take my long to make my second purchase of the month.
|Trackrecord||Dividend since 2011 (increasing in double digits)|
|Valuation||8.38% off 52-wk high|
For the (very) few of you who haven’t heard from this tech giant: “Cisco Systems, Inc. designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world.”
I can pretty much garantuee that the only reason you are able to read this post is because of equipment from Cisco. It could be directly via switch/router on your own location or via the internet backbone(s) based on Cisco-technology.
Cisco has started paying dividends since 2011 and has increased them every year with double digits. Coupled with a solid balance sheet, low payout ratio and enough room for future growth via security, cloud and IoT. I am really excited to now own 10 shares of CSCO. I bought them on a small dip @ $31,45. With a quarterly dividend of $0.29 this should bring me (10 x 0,29 x 2)-15% tax = $4,93 in 2017. My forward annual income should ofcourse increase with twice that amount: $9,86.
So have you bought anything in june?
Additonal question for my fellow DGI bloggers, how do you research/calculate the fair value of a stock you are analysing? I’m really having trouble find the right sources of information for a few key statistics.