WE RECENTLY PURCHASED THE FOLLOWING
3M COMPANY (MMM)
Purchased 3 shares of MMM on 7/24/2015 at $149.31
Total Spent: $447.96
$12.30 added to annual dividends
3M COMPANY (MMM)
Purchased 3 shares of MMM on 7/24/2015 at $149.31
Total Spent: $447.96
$12.30 added to annual dividends
Our purchase of 3M Company (MMM) was based on the results from our recent ASK THE READERS post. On Friday morning, with MMM seemingly this month's reader's pick, we decided to place an order to buy the stock at the current market price since it was down near the low for the day. Minutes later, we got a notice that our buy was executed at a price of $149.31. And just like that, we added another company to our family's dividend stocks portfolio.
With the recent purchase 3M Company (MMM), our estimated forward dividends grew another $12.30, putting our yearly dividends at approximately $2,676/year (excluding our Edwards Jones account) and $3,034/year (including our Edward Jones account).
As mentioned previously, our recent purchase of MMM also added a new holding to our family's dividend stocks portfolio. We now have a total of 44 different dividend paying stocks/ETFs in our family's dividend stocks portfolios (WF and EJ Accounts). We also own stocks in 4 companies that either don't pay a dividend our has currently suspended their dividends.
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:
3M COMPANY (MMM)
P/E: 19.49
Payout Ratio: 50%
Dividend Yield:2.75%
56 consecutive years of dividend increases
Last Ex-dividend date: 5/20/2015
Payout Ratio: 50%
Dividend Yield:2.75%
56 consecutive years of dividend increases
Last Ex-dividend date: 5/20/2015
Next Ex-dividend date: approx. - 8/20/2015
Have paid a dividend since: 1916 (99 years!)
Pays a dividend 4 times a year.
Market Cap: 94.7 Billion
52-week high: $170.50
52-week low: $130.60
Purchased Price: $149.31
What are your thoughts about my recent purchase?
What are you buying?
Have paid a dividend since: 1916 (99 years!)
Pays a dividend 4 times a year.
Market Cap: 94.7 Billion
52-week high: $170.50
52-week low: $130.60
Purchased Price: $149.31
What are your thoughts about my recent purchase?
What are you buying?
Excellent purchase, AFFJ. CAnt go wrong with 3M ... its a fantastic company that is almost always trading at a premium. Would love to add this one to my portfolio as well.
ReplyDeletecheers
R2R
R2R - I would have like to have grabbed MMM at a bigger value, but happy to be owners in a great company with solid history paying and raising their dividends. We plan to keep MMM for years to come and would not hesitate to add shares of an opportunity presents itself.
DeleteThanks for stopping by and commenting. AFFJ
Doesn't get more blue chip than MMM. I have held that one for about 8 years and it's been a long, long time since I added to that stock. Many industrial names are going on sale. I'm starting to like MMM, CAT and EMR even more in recent weeks. Let's see how the rest of July finishes. Thanks for sharing.
ReplyDeleteNice pick up 8 years ago, MMM has only been going up during that span. Hard to find an entry point with this dividend stock with it constantly rising so we were happy to have bought in during this recent dip. We own EMR and have considered adding shares lately. There is still a week left to go in July so who knows, we may just report and Recent Buy post or two. :)
DeleteBeat Regards. AFFJ