Tuesday, 28 October 2014

New Purchase - IBM


On October 28, I initiated a position in IBM. I’m not a fan of tech in my portfolio, but the price drop got the better of me.

Number of shares purchased
20
Price per share
$162.38
Commission
$9.95
Total cost per share
$162.88
Total cost
$3,257.55
Annual dividend per share
$4.40
Initial dividend yield
2.70%
Increase in forward 12-month dividends
$88.00

My dividend income is now $7,706.69 per year.

2 comments:

  1. ADY,

    I also purchased IBM recently. Also not a fan of tech, but the valuation seems extremely compelling.

    IBM has been around a while. Let's hope they stick around even longer.

    Best wishes!

    ReplyDelete
    Replies
    1. Right on! I really like buying shares of good companies which are out of favor. IBM fits the bill perfectly and as an added bonus, it hasn't offered a dividend yield this high since 2008 or 2009.

      Take care.

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