Thursday, 16 July 2015

New Purchase - Cummins

On July 14, Cummins increased its annual dividend by 25%, from $3.12 to $3.90 per share per year.

I initially purchased 25 shares @ $136.40 in Sept 2014 and decided to average down yesterday.

Number of shares purchased
15
Price per share
$130.40
Commission
$9.95
Total cost per share
$131.06
Total cost
$1,965.95
Annual dividend per share
$3.90
Initial dividend yield
3.0%
Increase in forward 12-month dividends
$58.50


My dividend income is now $9,344 per year.


4 comments:

  1. Ive owned a smallish position in CMI for a couple years now and the dividend growth has been fantastic. Great job getting a chance to average down your cost basis and also bumping up those forward dividends. Thats fantastic!

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    Replies
    1. I noticed your article come out on CMI the same day I bought some more. A massive dividend increase doesn't go unnoticed! I was going to buy a REIT but the 25% increase steered me towards CMI.

      Thanks for the encouragement.

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  2. I'm long CMI, too! 25% is a fantastic increase... congratulations on averaging down and increasing your projected dividends. You're nearing the $10,000 mark!

    Cheers
    FerdiS

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    Replies
    1. Thanks. I'm hoping the market offers me some sweet deals in order to reach $10,000 in forward dividends by the end of 2015.

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