Money and Finance
Recent Buy - HCP Inc. (HCP)
Hi Everyone,
Another building block to the American Dividend Dream has been bought. This time, a little bit smaller of a purchase than some of the previous ones but a purchase nonetheless.
Just a quick post tonight. I just want to get the information out there for all to see...
We purchased 27 shares of HCP, Inc (HCP) at $37.05 on November 2nd. This purchase adds $61.02 of annual dividends to our account.
Of course hindsight is 20/20 and would have loved to buy it for the current price of $33 or less, but with any luck the stock will stay at this level when the dividend payout occurs.
For all of you keeping track at home, we made the purchase of WBA which only has a yield of about 1.65% but was purchased for the potential growth of the dividend. With that being said, this next purchase I thought needed a little more bang for the buck so at $37, we are looking at a yield around 6.00%. Combined, this results in about a 3.50% dividend yield - $85/$2500 = 3.40% and about a 5.00% growth rate. I think this growth rate could expand to 6 or 7 percent combined when WBA starts seeing synergies with the recent merger and the potential Rite Aid purchase. Anything over 10% combined growth is gravy in my book and that's what I was shooting for with these two purchases!
You can check out all the other purchases we have made for the year on my Stock Purchases and Sells page.
So there you have it, the next building block on the path to the American Dividend Dream! What do you think, good purchase, bad purchase? What are you looking to buy next?
ADD
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Money and Finance