Recent Buy: GIS (General Mills)

Recent Buy: 10/23/17

On October 23rd, I purchased 27 shares of GIS (General Mills) for $51.91/share or $1401.66 in total capital. I had 0 shares of GIS prior to this purchase, so my total shares are 27. This increases my forward dividends by $52.92/year.

General Mills has been beat down in the last 52-weeks, dropping in value by about 14%. But, GIS is a dividend stalwart and has been paying a dividend for 119 years, consecutively. That’s serious commitment to shareholders, and I want in! They also pay out a very generous 3.77% yield at current price levels. I am happy to buy in at these discounted levels and ride out the temporary headwinds the’ve been facing as of late.

Forward yearly Dividends: $726.69 (almost to the $1k mark/year in dividends!)

Recent Buy – HRL (Hormel Foods)

Recent Buy: 8/24/17

Today, I purchased 21 shares of HRL (Hormel Foods) for $31.99/share or $671.83 in total capital. I had 0 shares of HRL prior to this purchase, so my total shares are 21. This increases my forward dividends by $21.53/year.

Hormel Foods released their earnings report for the 3rd Quarter before the market opened this morning and people weren’t pleased, to say the least. The stock immediately dropped about 6%, creating a great level to start or add to a position.

Revenue for Q3 came in at $2.21 billion, a 3.9% decrease from the same time last year and $30 million less than expected by analysts. Hormel also announced a $425 million acquisition of Fontanini Italian Meats & Sausages.

Dividend Yield: 1.98%.        Total Forward Dividends: $668.07

Recent Buy: MO (Altria Group)

Recent Buy: 8/7/17
Today, I purchased 23 shares of MO (Altria Group) for $65.73/share or $1,151.84 in total capital. I had 0 shares of MO prior to this purchase. This increases my forward dividends by $56.12/year.

The reason for this purchase was a recent sell-off due to uneasiness in the markets because of a potential vote to limit the amount of nicotine in cigarettes produced in the USA to “non-addictive” levels. This feels like a market over-reaction. The recent drop brings the stock to -1.65% off it’s 52-week lows. This seemed like a good entry point.

Warren Buffett once said, “I’ll tell you why I like the cigarette business. It costs a penny to make. Sell it for a dollar. It’s addictive; and there’s fantastic brand loyalty.”

Total Forward Dividends: $604.48

Recent Buy: OHI (Omega Healthcare Investors)

Recent Buy: 7/28/17

Today, I purchased 21 shares of OHI (Omega Healthcare Investors) for $31.12/share or $653.44 in total capital. I had 0 shares of OHI prior to this purchase. This increases my forward dividends by $53.76/year.

There was speculation that if the President had successfully repealed the Affordable Care Act, OHI would have seen a massive sell-off. The speculative reason for this would be that OHI receives a large majority of their income from Medicare and Medicare was anticipated to see massive budget cuts. Because the repeal was unsuccessful, and because OHI saw a ~2%-3% drop after it released Q2 earnings, I saw a buying opportunity. Hopefully I’m right.

Total Forward Dividends: $604.48