RECENT BUY - (NYSE: BBL)

WE RECENTLY PURCHASED THE FOLLOWING

BHP BILLITON PLC (BBL)
Purchased 12 shares of BBL on 8/18/2015 at $34.71
Total Spent: $416.52

With surge in iron ore inventory, BBL share price has been negatively effected lately. The decrease in share prices can safely be attributed to falling iron ore prices as supply gains momentum, setting off demand supply equilibrium. In our opinion, BBL is still one of the most attractive stocks in the commodity sector... and with a yield of roughly 7%!

Company Description

From Google Finance:

“BHP Billiton PLC (BHP) is an Australia-based mining company having interests in diversified natural resources. The Company mines, extracts and produce aluminum, coal, copper, iron ore, manganese, nickel, silver and uranium, and oil and gas. The Company extracts and process minerals, and oil and gas from its production operations located primarily in Australia, the Americas and Southern Africa. The Company’s assets, operations and interests are separated into five business units, Petroleum and Potash, Copper, Iron ore, Coal and Aluminum, Manganese and Nickel. The Company’s Petroleum and Potash Business comprises conventional and non-conventional operations and a potash project. The Company’s Copper business produces copper and related ores and minerals. The Company’s Iron ore business produces iron ore. The Company’s coal business produces multiple variants of coal. The Company’s Aluminum, Manganese and Nickel business is a producer of aluminum, manganese and nickel”

On Tuesday, we decided to pick up 12 more shares of BHP Billiton plc (BBL) in an effort to continue averaging down our current shares. We originally picked up shares of BBL back in September of 2014 and have since grabbed a few shares here and there as it continued to fall throughout the past year. With our purchase this week, we now own 79 total shares of BBL in our family's dividend stocks portfolio.  I'm happy to report that the cost basis for our BBL shares went from $48.28 to $46.22 (down a total of $2.06 from Tuesday's purchase). 

Our estimated forward dividends grew another $29.76, putting our yearly dividends at approximately $3,096/year (excluding our Edwards Jones account) and $3,405/year (including our Edward Jones account).

Since we had already held BBL shares in our family's dividend stocks portfolios (WF and EJ Accounts), the portfolio remains unchanged at a total of 46 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:

DIVIDEND STOCKS PORTFOLIO

We also maintain an extensive list of stock analysis

that can be access through the link below:

COLLECTION OF STOCK ANALYSES

We also just started a list of Recent Buys by other bloggers

that can be access through the link below:

COLLECTION OF RECENT BUYS

HERE IS A QUICK FACT SHEET FOR THE STOCK I JUST PURCHASED:

BHP BILLITON PLC (BBL)

P/E: 6.77
Payout Ratio: 66.99%
Dividend Yield: 6.96%
12 consecutive years of dividend increases
Last Ex-dividend date: 3/11/2015

Next Ex-dividend date: approx. - 9/11/2015*
Have paid a dividend since: 2002 (13 years)
Pays a dividend 2 times a year.
Market Cap: 93.4 Billion
52-week high: $69.56
52-week low: $34.78
Purchased Price: $34.71

What are your thoughts about my recent purchase?

What are you buying?