WE RECENTLY PURCHASED THE FOLLOWING
Total Spent: $672.50; added $22.40 in forward dividends.
Target Corporation (TGT)
Purchased 10 shares of TGT on 5/19/2016 at $67.25Total Spent: $672.50; added $22.40 in forward dividends.
Our family has been on the sidelines since early February. Although it is nice to stock pile to cash, I must admit it feels so much better to be adding to those forward dividends. :) So on 5/16/2016, we did just that. We picked up 10 shares in Target Corporation (TGT) at our limit price set at $67.25. In all we spend $672.50 which added another $22.40 to our yearly dividends. And the best part, as reported in our April dividend stocks portfolio report, we had just sold 15 shares of Target Corporation (TGT) on 4/27/2016 and 4/5/2016 for $83.33 and $82.31, respectively.
Target Corporation (TGT) It currently pays more than 3% in dividends, has a low payout ratio in the low 40s, and has been growing their dividends for 48 consecutive years! Below is a ranking and fair value price given by S&P Capital IQ and Morningstar:
Target Corporation (TGT) It currently pays more than 3% in dividends, has a low payout ratio in the low 40s, and has been growing their dividends for 48 consecutive years! Below is a ranking and fair value price given by S&P Capital IQ and Morningstar:
- S&P Capital IQ ranks Target 3-stars, with a 12-month price target of $76.00 and a fair market value of $73.80.
- Morningstar ranks Target 3-stars, with a fair market value of $74.00.
Company Description
From Google Finance:
“Target Corporation offers everyday essentials and merchandise to its customers. The Company sells a range of general merchandise and food through its store and digital channels. The Company's general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. The Company's digital channels include a range of general merchandise, including various items found in its stores, along with a complementary assortment, such as additional sizes and colors sold only online. The Company's brands include Archer Farms, Market Pantry, Threshold, Simply Balanced, Merona, up & up, Boots & Barkley, Room Essentials, Wine Cube, Circo, Smith & Hawken, Xhilaration, Embark, Ava & Viv, Spritz and Sonia Kashuk. The Company's exclusive brands include C9 by Champion, DENIZEN from Levi's, Nate Berkus for Target, Cherokee, Fieldcrest, Oh Joy! for Target, Mossimo, Genuine Kids from OshKosh, Shaun White, Kid Made Modern and Hand Made Modern.”
With our recent purchase of Target Corporation (TGT), the estimated forward dividends for our family's dividend stocks portfolio grew another $24.00, putting our yearly dividends at approximately $3,240/year (excluding our Edwards Jones account) and $3,625/year (including our Edward Jones account).
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:
Target Corporation (TGT)
P/E: 13
Payout Ratio: 42%
Dividend Yield: 3.30%
Dividend Growth rate (5yr AVG): 47%
44 consecutive years of dividend increases
Last Ex-dividend date: 5/16/2016
Dividend Yield: 3.30%
Dividend Growth rate (5yr AVG): 47%
44 consecutive years of dividend increases
Last Ex-dividend date: 5/16/2016
Next Ex-dividend date: approx. 5/16/2016
Have paid a dividend since: 1965 (51 years)
Pays a dividend 4 times a year.
Market Cap: 40.6 Billion
52-week high: $85.81
52-week low: $65.60
Purchased Price: $67.25
Have paid a dividend since: 1965 (51 years)
Pays a dividend 4 times a year.
Market Cap: 40.6 Billion
52-week high: $85.81
52-week low: $65.60
Purchased Price: $67.25
What are your thoughts on of recent purchase?
What are you buying?
Nice job AFFJ and congrats on this buy. The recent hit in the stock price makes TGT a nice value right now. We love target and spend way too much there every month.
ReplyDeleteThanks. Yes, our family prefer to shop at TGT over WMT and spend sometimes too much there as well. haha. But hey, we are simply helping our share values right? :)
DeleteThanks for commenting Adam. AFFJ
There's not too many stocks in todays market that look like a value, TGT is one of the few that is. Nice job.
ReplyDeleteThanks Captain. TGT has been a popular buy lately after it sharply dropped from their highs in the 80s, to the current prices in the high 60s. AFFJ
DeleteAFFJ,
ReplyDeleteYOU!!! Cannot believe you got it at that price! I've seen other purchases in TGT, but they were grabbing it in the $68=$69 range, looks like you were able to capitalize at the almost near bottom point during the last week or so - congratulations and GREAT addition!
-Lanny
Thanks Lanny. It was luck. Who knows, we might see another dip and you can grab shares at an even lower price than I got. haha.
DeleteThanks for visiting and commenting bud. Best wishes! AFFJ
I like this purchase. Great minds think alike. I bought TGT shares last week too. You got in at a lower price than I did. Nice job.
ReplyDeleteThanks. Great minds. I just lucked out on the pricing though. Just glad I was able to pick up shares to replace the ones I sold not more than a month ago. :)
DeleteAFFJ
Hi AFFJ,
ReplyDeleteI bought 29 shares of TGT at about $59 a share in 2014 and plan to hold for the long haul. It has been growing its dividend nicely since then.
Also, I have recently been working on a dividend laddering excel spreadsheet I would like to share with the DGI community over at http://www.appliedcss.com/dividend-laddering-spreadsheet/. You put in your stocks and share count, it automatically builds your dividend payouts based on historical data from yahoo finance. Let me know what you think!
You made a great pick up of TGT at $59...we actually did the same and recently sold a few shares when the price reached the low 80s. Glad we were able to buy back our share at a lower price point less than a month later!
DeleteI will definitely check out your spreadsheet. Thanks for sharing. AFFJ
Just checked out your spreadsheet. Nice tool to visually see and plan out your monthly dividend income. I've seen other bloggers maintain a similar spreadsheet but your spreadsheet has likely simplified things for all since it automatically builds your dividend payouts for you. Great way to estimate your dividends and plan our your payouts without much effort. Thanks again for sharing. AFFJ
DeleteLove the purchase. We're a bit cash short right now or else would totally buy more TGT shares.
ReplyDeleteTawcan - Hopefully you guys will have more capital soon, or at least before the price increases beyond your desired price point. :) AFFJ
Delete