Recent Buy: AAPL (Apple Inc.)

Recent Buy: 2/2/18

Today, I purchased 19 shares of AAPL (Apple Inc.) for $163.32/share or $3,103.07 in total capital. I had 0 shares of AAPL prior to this purchase. This increases my forward dividends by $47.88/year.

Although not a purist’s “dividend stock,” AAPL is a solid company that over the past few years has been increasing it’s dividend payout by nearly 10% yearly. That’s about as much as you can ask for, especially coupled with the natural growth of Apple as a business which should translate into increased share price. The price of AAPL is also at a near 6 month low, which looks like a good entry point to me. Throw in a quarter of disappointing iPhone sales, and you have a great company at a pretty good discount!

Forward Yearly Dividends: $1006.56

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Dividend Increase – T (AT&T)

AT&T (T) increased it’s quarterly dividend by 2% on 12/15/17, bringing its total quarterly dividend to $0.50/share, up from $0.49/share. This marks 34 years of reliable dividend increases. When companies increase their dividends with consistency, you can rest-assured that the company is making a profit and wants to share them with their shareholders.

Recent Buy: OHI (Omega Healthcare Investors) – Repurchase at 14% Discount

Recent Buy: 12/5/17

Today, I purchased an additional 55 shares of OHI (Omega Healthcare Investors) for $26.9861/share or $1489.19. in total capital. I had 58 shares of OHI prior to this purchase in my Traditional IRA, bringing my total shares to 113. This increases my forward dividends by $143.00/year. By far my largest increase of forward dividends in a single purchase!

On my last purchase of OHI, I outlined the main reason for the sell off. It seems it’s still an issue that Wall St. doesn’t like. I don’t care, though. Baby Boomers are expected to  equal to about 20% of the population by 2029 and are they aren’t getting any younger.

Pervious guidance for recent stock price discount:  For Q3 of 2017, OHI underperformed what was expected by Wall St. consensus. The company missed their expected revenue figure by $44.4 million, despite being up 4.4% since the same time last year. These troubles stem from tenant, Orianna Health Systems is essentially behind on their rent. Trouble is, with the types of properties that OHI operates, you can’t simply close down and kick out current tenants because a large majority of them are the elderly with longterm care needs.

Invest on! It looks like another dividend growth investor, DivGro, also took advantage of the recent, additional sell off. Great minds think alike!

Total Forward Dividends: $961.98

Dividend Increase – TU (Telus)

Telus (TU) increased it’s quarterly dividend by 2.54% today, bringing its total quarterly dividend to $0.505/share up from $0.425/share. When companies increase their dividends with consistency, you can rest-assured that the company is making a profit and wants to share them with their shareholders.

Forward Yearly Dividends: $822.45

Hormel Foods Acquires Columbus Manufacturing for $850 million

Hormel announced today that it will be acquiring Columbus Manufacturing, an artisanal packaged meat company for $850 million dollars.

Last year, Columbus had an annual sales figure of around $300 million with an estimated 5% annual growth moving forward.

As you can see from the landing page for Columbuscraftmeats.com, it’s similar to those companies that also seem to be targeting the millennial generation. Buzz words like: Crafted, Anti-biotic free, & Authentic are all the craze with the under 35 crowd that is staying away from highly processed products.

“Most people in the food business regard Columbus as the Gucci of premium deli meat,” Gregory Purcell said, the CEO of the private equity group that originally purchased Columbus for $213 million in 2012. I really like this comment, it defines a company with a good reputation within its customer base, something paramount with any food company. Look at the struggles Chipotle is having right now after years of branding itself as a healthy, real ingredients with no antibiotics , fast-food chain.

I believe this acquisition was the right move for Hormel as it works to capture more and more market share within the pre-packaged meats industry.

Recent Buy: OHI (Omega Healthcare Investors) – Repurchase with 8% off

Recent Buy: 10/31/17

Today, I purchased an additional 21 shares of OHI (Omega Healthcare Investors) for $28.585/share or $605.24 in total capital. I had 37 shares of OHI prior to this purchase in my Traditional IRA, bringing my total shares to 58. This increases my forward dividends by $54.60/year.

For Q3 of 2017, OHI underperformed what was expected by Wall St. consensus. The company missed their expected revenue figure by $44.4 million, despite being up 4.4% since the same time last year. These troubles stem from tenant, Orianna Health Systems is essentially behind on their rent. Trouble is, with the types of properties that OHI operates, you can’t simply close down and kick out current tenants because a large majority of them are the elderly with longterm care needs.

The missed earnings caused a pretty big sell off after-hours on the 30th, and today it looks like it’s recovered some of it’s losses. It’s a great dividend player that just went on sale. Time to pick up some more with a little bit of capital.

It will be interesting to see what the next dividend increase looks like, although management did say on their earnings call that they don’t expect much change.

Invest on! It looks like another dividend growth investor, My Dividend Pipeline, also took advantage today, with a lot more capital, too! Way to go!

Total Forward Dividends: $822.45