Money and Finance
Yesterday I bought 9 shares in Walmart at a price of $57.71 in my Roth IRA. Recently, reports of Walmart bribing officials in Mexico for preferential treatment have been released. While this is concerning, it's one of those situations where everyone is doing it and they got caught. Any penalty stemming from this won't change the future for Walmart other than being just a little hiccup in the long-term. I am bullish on the company long term especially as a dividend growth stock. My YOC for this purchase is 2.71% based on the current forward annual payout rate of $1.59. Unfortunately this brings my YOC for my Roth IRA down to only 3.31%, but I'm getting a company that has historically had a high dividend growth rate. I would like to start purchasing in larger blocks but that was about the only ammo that I had in my Roth. I decided to pounce despite the limited capital because Walmart has pulled back 7.5% since the announcement of the bribery. My target entry price on Walmart was around $59 / share and I was able to get over a 2% discount to that. You can see my previous analysis of Walmart here.
While I think you will see Walmart shares drop lower later as more details come out about this I'm hoping they can wait until I have some more dry powder to throw their direction.
Building my dividend payers bit by bit.
- Dividend Increase - Walmart (wmt)
Yesterday Walmart's Board of Directors also announced an increase in their dividend. This time a whopping 18.24% increase. It was one of their largest increases in their history, which is pretty amazing considering their 39 year streak. The...
- When To Sell A Dg Stock
Lately I've been seeing several articles/posts discussing when to sell a DG stock. While it is tempting to sell at a high, it might not be worth it. Unless you see companies approaching grossly overvalued why get rid of the position especially...
- Position Decision
I'm a little torn on what to do with my small position in Walmart (WMT). I originally purchased the shares back in late April after the Mexico bribery scandal became news. At the time Walmart had dropped a lot over a few short days and I was able...
- Recent Buy - Walmart
Today I made another purchase as the markets took a beating. This time I picked up some more shares of retail giant Walmart (WMT). This allowed me to average down a bit. Sadly I was a couple weeks removed from the ex-dividend date so I'll miss next...
- Recent Buy - Walmart (wmt)
Earlier this week I pulled the trigger on another purchase. This time around I had my eye on several stocks but ultimately choose Walmart (WMT). Luckily at the time of my purchase the markets were in a selloff on Monday morning which allowed me to get...
Money and Finance
Recent Buy
Yesterday I bought 9 shares in Walmart at a price of $57.71 in my Roth IRA. Recently, reports of Walmart bribing officials in Mexico for preferential treatment have been released. While this is concerning, it's one of those situations where everyone is doing it and they got caught. Any penalty stemming from this won't change the future for Walmart other than being just a little hiccup in the long-term. I am bullish on the company long term especially as a dividend growth stock. My YOC for this purchase is 2.71% based on the current forward annual payout rate of $1.59. Unfortunately this brings my YOC for my Roth IRA down to only 3.31%, but I'm getting a company that has historically had a high dividend growth rate. I would like to start purchasing in larger blocks but that was about the only ammo that I had in my Roth. I decided to pounce despite the limited capital because Walmart has pulled back 7.5% since the announcement of the bribery. My target entry price on Walmart was around $59 / share and I was able to get over a 2% discount to that. You can see my previous analysis of Walmart here.
While I think you will see Walmart shares drop lower later as more details come out about this I'm hoping they can wait until I have some more dry powder to throw their direction.
Building my dividend payers bit by bit.
- Dividend Increase - Walmart (wmt)
Yesterday Walmart's Board of Directors also announced an increase in their dividend. This time a whopping 18.24% increase. It was one of their largest increases in their history, which is pretty amazing considering their 39 year streak. The...
- When To Sell A Dg Stock
Lately I've been seeing several articles/posts discussing when to sell a DG stock. While it is tempting to sell at a high, it might not be worth it. Unless you see companies approaching grossly overvalued why get rid of the position especially...
- Position Decision
I'm a little torn on what to do with my small position in Walmart (WMT). I originally purchased the shares back in late April after the Mexico bribery scandal became news. At the time Walmart had dropped a lot over a few short days and I was able...
- Recent Buy - Walmart
Today I made another purchase as the markets took a beating. This time I picked up some more shares of retail giant Walmart (WMT). This allowed me to average down a bit. Sadly I was a couple weeks removed from the ex-dividend date so I'll miss next...
- Recent Buy - Walmart (wmt)
Earlier this week I pulled the trigger on another purchase. This time around I had my eye on several stocks but ultimately choose Walmart (WMT). Luckily at the time of my purchase the markets were in a selloff on Monday morning which allowed me to get...