WE RECENTLY PURCHASED THE FOLLOWING
Occidental Petroleum Corp (OXY)
Purchased 5 shares of OXY on 3/18/2015 at $71.94
Total Spent: $359.70
$14.40 added to annual dividends
Occidental Petroleum Corp (OXY)
Purchased 5 shares of OXY on 3/18/2015 at $71.94
Total Spent: $359.70
$14.40 added to annual dividends
The market saw a nice gain towards the end of the day after the Federal Reserve removed the word "patient" from its statement. The biggest boost seemed to have gone to energy stocks and internationally exposed companies. We were quite lucky that we picked up a few shares of OXY earlier in the morning for just $71.94 as we saw a nice 1-day $2.07 gain with OXY finishing the day at $74.01.
Oil and energy certainly has a long way to recover, but I have to admit that it was a welcome site to see today's spike in the market. With the recent purchase, since we had already owned shares of Occidental Petroleum Corporation (OXY) in our family's dividend stocks portfolio, the total number of stocks/ETFs in the portfolio remains at 36.
With today's purchase, our estimated forward dividends grew just a tad, adding another $14.40 to our yearly dividends which now stands at approximately $3,148/year.
Oil and energy certainly has a long way to recover, but I have to admit that it was a welcome site to see today's spike in the market. With the recent purchase, since we had already owned shares of Occidental Petroleum Corporation (OXY) in our family's dividend stocks portfolio, the total number of stocks/ETFs in the portfolio remains at 36.
With today's purchase, our estimated forward dividends grew just a tad, adding another $14.40 to our yearly dividends which now stands at approximately $3,148/year.
Our family's dividend stocks portfolio may be found
by clicking on the link below:
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HERE IS A QUICK FACT SHEET FOR THE STOCK I JUST PURCHASED:
Occidental Petroleum Corp (OXY)
P/E: 98.80
Payout Ratio: 365%
Dividend Yield: 3.98%
Dividend Growth rate (5yr AVG): 16.97%
1 consecutive years of dividend increases
Last Ex-dividend date: 3/6/2015
Payout Ratio: 365%
Dividend Yield: 3.98%
Dividend Growth rate (5yr AVG): 16.97%
1 consecutive years of dividend increases
Last Ex-dividend date: 3/6/2015
Next Ex-dividend date: approx. 6/6/2015
Have paid a dividend since: 1975 (40 years)
Pays a dividend 4 times a year.Market Cap: 57.0 Billion
52-week high: $101.38
52-week low: $71.75
Purchased Price: $71.94
What are your thoughts about my recent purchase?
What are you buying?
Have paid a dividend since: 1975 (40 years)
Pays a dividend 4 times a year.Market Cap: 57.0 Billion
52-week high: $101.38
52-week low: $71.75
Purchased Price: $71.94
What are your thoughts about my recent purchase?
What are you buying?
AFFJ,
ReplyDeleteGreat job of averaging down and increasing your forward dividend by $14.40! Keep it up!
FFF
Thanks FFF...our initial purchase in OXY was $83 so the recent purchase dropped our cost basis by about $6 (or 7.2%). I know this was one of the more risky stocks but I'm comfortable mixing a few risky stocks with other if in the long run it means greater chance for growth. :)
DeleteThanks for stopping by and for the comment. AFFJ