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Tuesday, August 4, 2015

RECENT BUY - (NYSE : CVX)

WE RECENTLY PURCHASED THE FOLLOWING













CHEVRON CORPORATION (CVX)
Purchased 8 shares of CVX on 8/3/2015 at $85.50
Total Spent: $684.00
$34.24 added to annual dividends

On Monday (8/3/15), we decided to pick up 8 more shares of CVX (Chevron Corporation) to average down our cost basis. With our recent purchase, we now own 18 total shares of CVX in our family's dividend stocks portfolio.    
With our purchase of CVX, we added $34.24 in forward dividends to our family's dividend stocks portfolio. This puts our yearly dividends at approximately $2,962/year (excluding our Edwards Jones account) and $3,320/year (including our Edward Jones account). 

Since we had already held CVX shares in our family's dividend stocks portfolios (WF and EJ Accounts), the portfolio remains unchanged at a total of 44 different dividend paying stocks/ETFs and also 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:













 Chevron Corporation (CVX)
P/E: 9.35
Payout Ratio (DPS/EPS): 46.76% ($4.28/$9.15)
Dividend Yield: 4.84%
29 consecutive years of dividend increases
Last Ex-dividend date: 5/15/2015
Next Ex-dividend date: approx. - 8/15/2015
Have paid a dividend since: 1912 (102 years!)
Pays a dividend 4 times a year.
Market Cap: 160.9 Billion
52-week high: $129.53
52-week low: $85.32
Purchased Price: $85.50

What are your thoughts about my recent purchase?

What are you buying?
at

10 comments:

  1. Roadmap2RetireAugust 4, 2015 at 6:22 AM

    Great purchase, AFFJ. Cant go wrong with CVX at these prices. I am tempted to average down on my cost basis. As we saw during the latest earnings call, dividends are a top priority for CVX. Hopefully they will continue to grow them and not lose their streak that they've built up.

    Best
    R2R

    ReplyDelete
    Replies
    1. A Frugal Family's JourneyAugust 5, 2015 at 9:51 PM

      Thanks R2R. We couldn't resist the opportunity to average down our cost basis. Given the amount of free trades we have left before our 100 trades reset, we figure it was a good opportunity to put some capital to work for us.

      Thanks for stopping by. AFFJ

      Delete
  2. Adam - IWTRSAugust 4, 2015 at 10:07 AM

    Congrats AFFJ! I was looking to do the same here as well... so many options, hard to pick!

    ReplyDelete
    Replies
    1. A Frugal Family's JourneyAugust 5, 2015 at 10:10 PM

      Yes, I agree Adam. Some great values to be had out there. We made another buy today as well. Stay tuned for the Recent Buy post. We'll likely post it Saturday and we already have a post schedule for tomorrow morning.

      Best wishes! AFFJ

      Delete
  3. All About InterestAugust 4, 2015 at 8:48 PM

    Nice purchase AFFJ. Most of the energy names seem cheap right now. It's only a matter of time before oil goes up and I don't mind holding and collecting dividends until then.

    ReplyDelete
    Replies
    1. A Frugal Family's JourneyAugust 5, 2015 at 10:12 PM

      I agree AAI...trying to buy up large companies with a nice track record in this sector and wait for the rebound. Meanwhile, I have no problem sitting back and collecting the almost 5% dividends. :)

      Regards, AFFJ

      Delete
  4. Whimsical DividendsAugust 5, 2015 at 9:42 AM

    Awesome! I too just bought (on a much smaller scale!!) CVX. Been a long time fan of the stock, and always wanted to buy. Now I just have to remember I'm in it for the long haul, and not look at the volatility of the price. Hoping to keep adding shares while the price is low...

    Let's Grow!
    Andy

    ReplyDelete
    Replies
    1. A Frugal Family's JourneyAugust 5, 2015 at 10:16 PM

      Saw your buy WD. Glad to hear you decided to become a fellow shareholder. We too plan to keep adding if prices remain in the 80s.

      Best wishes and continued success! AFFJ

      Delete
  5. Race2RetirementAugust 9, 2015 at 10:55 AM

    Nice purchase, AFFJ! I also like CVX and purchased it sometime back. But, its price keep going down. I've a feeling that there is more down slide remaining in energy companies in coming summer months, especially driving season is over. We will have better opportunities to buy energy companies at even lower prices. However, dividends are great even now. Keep racing!

    ReplyDelete
    Replies
    1. A Frugal Family's JourneyAugust 9, 2015 at 9:11 PM

      Race2Retirement - In this low cost oil environment, many companies are finding it difficult to maintain their profit margins. The struggle will likely continue at least until the end of the year as it is expected that this low cost oil environment will be with us at least until the new year. If prices continue to drop, we plan to continue averaging down. Although it may not reach previous highs, we do believe this sector will eventually bounce back.

      Thanks for stopping by and commenting. AFFJ

      Delete