We Recently Purchased The Following:
Total Spent: $438.80; added $15.20 in forward dividends.
Wells Fargo & Company (WFC)
Purchased 10 shares of WFC on 10/3/2016 at $43.88Total Spent: $438.80; added $15.20 in forward dividends.
Our recent purchase of Wells Fargo & Company (WFC) is just the 4th stock purchase made in our family's dividend stocks portfolio since February. We also bought Apple Inc (AAPL), Gilead Sciences (GILD) and Flower Foods Inc (FLO), on June 24, 2016 and September 9, 2016, respectively. There is certainly a lot of selling going on lately throughout the DGI community so I guess our buying activity is a bit contrarian to the current trend. But for the record, even though we don't post our sells, we have took some money off the table this year. In fact, I will say we've probably done more selling than buying to date. And that is including the buying spree we had in January and February!
Here are a few reasons why we personally bought WFC stock: 1) WFC was trading at a 22.1% discount from its 52-week high of $56.34; 2) Nice yield above 3% at 3.3% 3) low payout ratio at 37% should allow WFC to continue to raise dividends for years to come; 4) WFC is a very large company with a market cap at 228 Billion.
Here are a few reasons why we personally bought WFC stock: 1) WFC was trading at a 22.1% discount from its 52-week high of $56.34; 2) Nice yield above 3% at 3.3% 3) low payout ratio at 37% should allow WFC to continue to raise dividends for years to come; 4) WFC is a very large company with a market cap at 228 Billion.
Company Description
From Google Finance:
“Wells Fargo & Company is a bank holding company. The Company is a financial services company, which offers banking, insurance, trust and investments, mortgage banking, investment banking, retail banking, brokerage, and consumer and commercial finance. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. Its Community Banking segment offers financial products and services for consumers and small businesses, including checking and savings accounts, credit and debit cards, and auto, student and small business lending. Its Wholesale Banking segment provides financial solutions to businesses across the United States and globally. Its Wealth and Investment Management segment provides a range of personalized wealth management, investment, and retirement products and services to clients across the United States-based businesses. It operates through over 8,700 locations and approximately 13,000 automated teller machines.”
With our recent purchase of Wells Fargo & Company (WFC), the estimated forward dividends for our family's dividend stocks portfolio grew another $15.20, putting our yearly dividends at approximately $3,304/year (excluding our Edwards Jones account) and $3,689/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:
P/E: 11
Payout Ratio: 37%
Dividend Yield: 3.3%
4 consecutive years of dividend increases
Last Ex-dividend date: 8/3/2016
Dividend Yield: 3.3%
4 consecutive years of dividend increases
Last Ex-dividend date: 8/3/2016
Next Ex-dividend date: approx. 11/3/2016
Have paid a dividend since: 1939 (77 years)
Pays a dividend 4 times a year
Market Cap: 228 Billion
52-week high: $56.34
52-week low: $43.55
Purchased Price: $43.55
Have paid a dividend since: 1939 (77 years)
Pays a dividend 4 times a year
Market Cap: 228 Billion
52-week high: $56.34
52-week low: $43.55
Purchased Price: $43.55
What are your thoughts on of recent purchase?
What are you buying?
