Money and Finance
I decided to open my Roth IRA with Fidelity just to keep everything together for now.
And the first purchase I made was for 25 shares of Wells Fargo (WFC). At the current dividend payout of $0.48 / yr and my purchase price of $25 / share my YOC is 1.90%. Wells Fargo to me is currently trading at a premium to some of the other financials but I feel that they are one of the safest bets among the big banks. The financials have been hit really bad and I feel that given my long-term outlook it is a great opportunity to get in selectively. I would have liked the price to be lower but wouldn't we all. They slashed their annual dividend down to $0.20 / share during the financial crisis but have already had a special dividend earlier this year and raised it by 140% since. I think they will be raising their dividend fairly quickly and within 2 years will be back to the pre-financial crisis levels of $1.36 / share. That will bring my YOC to 5.37% in a short amount of time. For a big bank as solid and conservative as Wells Fargo this seemed like a great opportunity for the long-term.
- Dividend Increase - Wells Fargo (wfc)
This is a little late but I just saw it as I was checking some of my positions. On January 23rd, Wells Fargo's Board announced an increase in their quarterly dividend from $0.22 to $0.25 per share. This represents a 13.64% increase over the previous...
- 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...
- Dividend Update - March 2012
March was my highest dividend payout month so far. I had a total of 8 stocks payout in my brokerage and 2 in my Roth. I'm reinvesting dividends in all the stocks except for HAL since it already represents 1/3 of my portfolio and is also my source...
- Dividend Increases
I know these are a little old news but they happened over last week while I was distracted with getting to spend time with Lynsy. It was a nice break to get to take a week off from checking through financial information on different companies. Wells...
- Recent Buy
Today I purchased 50 shares of Tower Group, Inc. (TWGP) at $23.43 / share in my Roth IRA. I got a little impatient in waiting for my price and raised my target up a little bit which I shouldn't have done since the market would have given me the shares...
Money and Finance
Recent Buy
I decided to open my Roth IRA with Fidelity just to keep everything together for now.
And the first purchase I made was for 25 shares of Wells Fargo (WFC). At the current dividend payout of $0.48 / yr and my purchase price of $25 / share my YOC is 1.90%. Wells Fargo to me is currently trading at a premium to some of the other financials but I feel that they are one of the safest bets among the big banks. The financials have been hit really bad and I feel that given my long-term outlook it is a great opportunity to get in selectively. I would have liked the price to be lower but wouldn't we all. They slashed their annual dividend down to $0.20 / share during the financial crisis but have already had a special dividend earlier this year and raised it by 140% since. I think they will be raising their dividend fairly quickly and within 2 years will be back to the pre-financial crisis levels of $1.36 / share. That will bring my YOC to 5.37% in a short amount of time. For a big bank as solid and conservative as Wells Fargo this seemed like a great opportunity for the long-term.
- Dividend Increase - Wells Fargo (wfc)
This is a little late but I just saw it as I was checking some of my positions. On January 23rd, Wells Fargo's Board announced an increase in their quarterly dividend from $0.22 to $0.25 per share. This represents a 13.64% increase over the previous...
- 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...
- Dividend Update - March 2012
March was my highest dividend payout month so far. I had a total of 8 stocks payout in my brokerage and 2 in my Roth. I'm reinvesting dividends in all the stocks except for HAL since it already represents 1/3 of my portfolio and is also my source...
- Dividend Increases
I know these are a little old news but they happened over last week while I was distracted with getting to spend time with Lynsy. It was a nice break to get to take a week off from checking through financial information on different companies. Wells...
- Recent Buy
Today I purchased 50 shares of Tower Group, Inc. (TWGP) at $23.43 / share in my Roth IRA. I got a little impatient in waiting for my price and raised my target up a little bit which I shouldn't have done since the market would have given me the shares...