So its already October! That means a new capital injection into my portfolio for a grand total of €250. Last month I made not one but two buys growing my forward annual income with a nice jump in cash (birthday!). Since I was heavily into the tech stocks in recent months I’ve decided to diversify again and saw one of the dividend aristocrats in a postion for me to pull the trigger. Maybe I really should start doing more side-hustles to up the amount of capital I can deploy…
The buy for this month is…..Hormel Foods (HRL)! I purchased 10 shares @ $31,59.
|Trackrecord||Aristocrat: 51 years (!) of dividend increases|
|Valuation||$1,04 above 52-week low | $7,25 below 52-wk high|
With a quarterly dividend of $0,17 this should bring me (10 x 0,17 x 1 (one payout in the last quarter) -15% tax = $1,45 closer towards my goal for 2017. My forward annual income should ofcourse increase with four times that amount: $5,78 to a total of $170,93.
As always your comments are much appreciated.