WE RECENTLY PURCHASED THE FOLLOWING
Total Spent: $1,069.87
WAL-MART STORES (WMT)
Purchased 18 shares of KMI on 10/15/2015 at $59.43Total Spent: $1,069.87
Company Description
From Google Finance:
“Wal-Mart Stores, Inc. is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company offers an assortment of merchandise and services at everyday low prices (EDLP). The Company's operations are conducted in three segments: Walmart U.S., Walmart International and Sam's Club. The Walmart U.S. segment operates retail stores in all 50 states in the United States, Washington D.C. and Puerto Rico, with three primary store formats, as well as digital retail. The Walmart International segment consists of operations in 26 countries outside of the United States and includes numerous formats divided into three main categories: retail, wholesale and other. The Sam's Club consists of membership-only warehouse clubs and operates in 48 states in the United States and in Puerto Rico, as well as digital retail.”
With Wal-Mart Stores (WMT) down roughly 13% this week, we decided to take a advantage of the dip. As a long-term investor, we believe the current price offers a great value. It seems that the current dip is is related to the recent announcements made at Wal-Mart's annual meeting. After all, the dip occurred soon after the meeting.
We think that the recent decline is attributed to the sentiments of short-term investors. Yes, there will likely be short term impacts to growth and profits as the companies moves ahead with their effort to re-brand and position themselves for future success. But we remain optimistic that the dividends for a dividend aristocrat (with over 40 years of dividend increases) like Wal-Mart Stores will remain safe. We think their efforts to change their customer service experience and also position themselves to capitalize on the growing eCommerce business is a smart idea. Even after reading the notes from the recent annual meeting, we remain positive on Wal-Mart's future. In fact, if anything, we think their plans will help keep Wal-Mart relevant and a leader in the retail world for years to come.
With that said, and as a long term investors, we took the opportunity to add a few more shares to our family's dividend stocks portfolio. In fact, with today's purchase, we were able to lower our cost basis on another stock we currently own. With the 18 shares added today, we now own 35 total shares of Wal-Mart Stores (WMT) in our family's dividend stocks portfolio. Our purchase today lowered our cost basis on WMT from $74.70 to $66.85. Additionally, our estimated forward dividends grew another $35.28, putting our yearly dividends at approximately $3,557/year (excluding our Edwards Jones account) and $3,915/year (including our Edward Jones account).
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:
WAL-MART STORES (WMT)
P/E: 12.29
Payout Ratio: 40.77%
Dividend Yield: 3.33%
40 consecutive years of dividend increases
Last Ex-dividend date: 8/5/2015
Payout Ratio: 40.77%
Dividend Yield: 3.33%
40 consecutive years of dividend increases
Last Ex-dividend date: 8/5/2015
Next Ex-dividend date: 12/2/2015
Have paid a dividend since: 1975 (40 years)
Pays a dividend 4 times a year.
Market Cap: 188.7 Billion
52-week high: $90.97
52-week low: $58.61
Purchased Price: $59.43
Have paid a dividend since: 1975 (40 years)
Pays a dividend 4 times a year.
Market Cap: 188.7 Billion
52-week high: $90.97
52-week low: $58.61
Purchased Price: $59.43
What are your thoughts on of recent purchase?
What are you buying?
