Tuesday, 31 May 2016

New Purchase - CVS Health

Today, I added to my position in CVS. I think both CVS and WBA will grow exponentially over the next couple decades.

Number of shares purchased
50
Price per share
$96.80
Commission
$9.95
Total cost per share
$97.00
Total cost
$4,849.95
Annual dividend per share
$1.70
Initial dividend yield
1.75%
Increase in forward 12-month dividends
$85


My original purchase of CVS was for 100 shares back in March 2013 @ $52.60. The dividend yield was $0.90 / $52.60 = 1.71% and 2012 EPS was $3.03 (PE = 17.4). My YOC for these 100 shares is now $1.70 / $52.60 = 3.23%.

2015 EPS was $4.62 (PE = 21.0). 2016 and 2017 EPS are estimated at $5.86 (PE = 16.5) and $6.60 (PE = 14.7), respectively.

With this purchase, my 12-month forward dividend income is $10,598.

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