WE RECENTLY PURCHASED THE FOLLOWING
Phillip Morris Int'l Inc (PM)
Purchased 7 shares of PM on 3/31/2015 at $75.33
Total Spent: $527.31
$28.00 added to annual dividends
Phillip Morris Int'l Inc (PM)
Purchased 7 shares of PM on 3/31/2015 at $75.33
Total Spent: $527.31
$28.00 added to annual dividends
Even while on vacation, we made a purchase!!
Well, our recent purchase of Phillip Morris Int'l (PM) was based on the results from our recent ASK THE READERS post. It actually took about a week before our purchase was executed, but it was because we had set a limit order to buy PM at $75.33. We were thinking that since PM recently had an ex-dividend, we figured that there was a good chance that it may drop a bit. Not sure if our theory has any merit, but we've personally have found that many stocks tend to fall a bit in the weeks between their ex-dividend date and their payout date. Either way, we were glad that we decided to be a bit more selective with our entry price because our hunch ended up coming true as PM went as low as $75.27 on 3/31/2015, setting a new 52-week low.
This is our first exposure to tobacco stocks, but glad to have bought in at what we feel is a good price for a long-term hold. With the recent purchase Phillip Morris Int'l (PM), our family's dividend stocks portfolio now holds a total of 37 different dividend paying stocks/ETFs in the portfolio.
With today's purchase, our estimated forward dividends grew another $28.00, putting our yearly dividends at approximately $3,176/year.
Well, our recent purchase of Phillip Morris Int'l (PM) was based on the results from our recent ASK THE READERS post. It actually took about a week before our purchase was executed, but it was because we had set a limit order to buy PM at $75.33. We were thinking that since PM recently had an ex-dividend, we figured that there was a good chance that it may drop a bit. Not sure if our theory has any merit, but we've personally have found that many stocks tend to fall a bit in the weeks between their ex-dividend date and their payout date. Either way, we were glad that we decided to be a bit more selective with our entry price because our hunch ended up coming true as PM went as low as $75.27 on 3/31/2015, setting a new 52-week low.
This is our first exposure to tobacco stocks, but glad to have bought in at what we feel is a good price for a long-term hold. With the recent purchase Phillip Morris Int'l (PM), our family's dividend stocks portfolio now holds a total of 37 different dividend paying stocks/ETFs in the portfolio.
With today's purchase, our estimated forward dividends grew another $28.00, putting our yearly dividends at approximately $3,176/year.
Our family's dividend stocks portfolio may be found
by clicking on the link below:
We also maintain an extensive list of stock analysis
that can be access through the link below:
We also just started a list of Recent Buys by other bloggers
that can be access through the link below:
HERE IS A QUICK FACT SHEET FOR THE STOCK I JUST PURCHASED:
Phillip Morris Int'l Inc (PM)
P/E: 16.23
Payout Ratio: 83%
Dividend Yield: 5.3%
Dividend Growth rate (5yr AVG): 11.62%
6 consecutive years of dividend increases
Last Ex-dividend date: 3/24/2015
Payout Ratio: 83%
Dividend Yield: 5.3%
Dividend Growth rate (5yr AVG): 11.62%
6 consecutive years of dividend increases
Last Ex-dividend date: 3/24/2015
Next Ex-dividend date: approx. 6/24/2015
Have paid a dividend since: 2008 (7 years)
Pays a dividend 4 times a year.
Market Cap: 119.5 Billion
52-week high: $91.63
52-week low: $75.27
Purchased Price: $75.33
What are your thoughts about my recent purchase?
What are you buying?
Have paid a dividend since: 2008 (7 years)
Pays a dividend 4 times a year.
Market Cap: 119.5 Billion
52-week high: $91.63
52-week low: $75.27
Purchased Price: $75.33
What are your thoughts about my recent purchase?
What are you buying?
Awesome purchase bud. What a great price. Hope you load up some more. When I got available funds, Oma load up too. Take care and have fun.
ReplyDeleteThanks Hustler. We are definitely happy with the purchase price and yield. Hoping to be a long term investor if they are able to find ways to profit from the decreasing number of users. We'll evaluate this holding after a few more quarters to see. AFFJ
DeleteInteresting purchase, AFFJ. I am skeptical about investing in the tobacco industry, although I am tempted from time to time to take a gamble. I saw a report somewhere recently that the tobacco stocks were the best investment in the 20th century, so theyve had quite a great run.
ReplyDeleteWhat worries me is that as the masses become more aware and health conscious, the usage has steadily decreased. Although Ive seen some conflicting reports as well - but most reputable sources seem to suggest that usage across the world is falling. The tobacco companies seem to offset this by raising the prices and are able to stay ahead in the game. Overall, most countries - atleast in the developed economies, where the health costs add up on the tax-supported structure, it is in the governments benefit to dissuade smokers in order to reduce the burden. Even countries like Russia and China have started taking initiatives (or atleast plan) to educate people and try and add restrictions to the companies and advertising.
Anyway, I am thinking of writing a more detailed post about this on my blog - so look forward to that. I think its still ok to take a gamble but I wouldnt put a big chunk of my investments into the sector. But thats just me. I know a lot of investors have benefited and they still might, going forward.
I wish you the best in your investment.
R2R
Thanks for the insight...I'll definitely keep an eye out for your future post. I'm definitely weary that tobacco stocks have lost a bit of their luster due to the decrease in number of smokers out there. As long as they either raise prices or re-invent themselves (e-cigs seem to be popular these days), I think it might be at least a stable stock to own. We'll see. I think we'll give this stock about a year and decide then if we want it in out "forever" portfolio. AFFJ
DeleteAFFJ,
ReplyDeleteWow! That is a great price. I purchased some recently but it was closer to $80. PM over 5% looks really good, especially if they can keep raising dividends in the 8-10% range.
MDP
MDP - we were definitely happy to get a yield above 5%. As for dividend raises, although it would be welcomed, I would be OK if the 5% dividends remained stable. :) AFFJ
DeleteAs a fellow shareholder, I applaud the purchase and especially that awesome yield. Great job and enjoy those dividends when they start to roll in :)
ReplyDeleteGlad to hear we from a fellow shareholder...looking forward to the 5%+ yields. Thanks for the encouraging words! AFFJ
Delete