Monday, 23 May 2016

New Purchase - ABT

Today, I used some cash from the sale of Baxalta to buy some shares in Abbott Laboratories. I like the potential aquisition of STJ.


Number of shares purchased
150
Price per share
$37.47
Commission
$9.95
Total cost per share
$37.54
Total cost
$5,630.45
Annual dividend per share
$1.04
Initial dividend yield
2.77%
Increase in forward 12-month dividends
$156

With this purchase, my 12-month forward dividend income is $10,591.

5 comments:

  1. ADY,

    Strong move! I love it! I picked up 100 shares recently and may add more if it drops lower. I love seeing the forward divvys moving close to $11k.

    MDP

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    Replies
    1. Thanks MDP. I follow your blog regularly and your purchase of ABT got me looking into this company again. It was then that I read about their offer for STJ. If this materializes, the future looks bright. Unless something more attractive shows up on my radar, I'm ready to at least double my position if the share price drops to the very low 30's. I think the healthcare sector will perform well over the next couple decades.

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  3. Good buy and its great to see your 12-month forward dividend income over $10k. Pretty soon you'll be at the magic $1,000 per month mark. Keep up the good work.

    Cheers
    FerdiS, DivGro

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    Replies
    1. I think healthcare is a good place to be for the longterm. I hope the sector booms as babyboomers get older. I also think the sector will benefit from the unhealthy lifestyle many westerners have adopted and are now passing on to their children.

      I'm considering adding to my TEVA position as well.

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