Tuesday, 7 July 2015

New Purchase - Chevron

On July 7, I added to my CVX position.

Number of shares purchased
23
Price per share
$93.70
Commission
$9.95
Total cost per share
$94.13
Total cost
$2,165.05
Annual dividend per share
$1.07
Initial dividend yield
4.55%
Increase in forward 12-month dividends
$98.44


My dividend income is now $9,236 per year.

Seeing all the red in my portfolio doesn't do much good for my morale, but I'm staying the course. Because

Income = Wealth


7 comments:

  1. ADY,

    I am right there with you! I picked up CVX, BBL, BP, and Shell today! Blood is in the streets. Hold your nose and keep at it.

    MDP

    ReplyDelete
    Replies
    1. As you know, it's not easy going against the grain. But I strongly believe that's where the payoff is.

      Have you spent your special dividend from KRFT? I'm looking at spending mine on oil or REITs.

      Delete
    2. ADY,

      I see the dividend pending in my account but I haven't received the amount in my checking account yet. I will probably add to my energy positions even though I am a bit heavy in that sector. I was also noticing that TD is looking attractive again.

      MDP

      Delete
  2. Nice purchase. Those are some juicy yields on CVX. I might average down on my CVX position

    R2R

    ReplyDelete
    Replies
    1. Judging by today's market swing, you may be able to get a better price than I. Keep you're eyes peeled and take full advantage of this volatility!

      And nice buy with IPL.

      Delete
  3. This is a great purchase of a great company at a great price! Enjoy your 4.55% yield on cost!

    Take care
    FerdiS

    ReplyDelete
    Replies
    1. Thanks for the encouragement. It's not easy to buy when there is so much pessimism in the air.

      cheers

      Delete