$703 of UNP
$300 of V
I used $1003 in new capital and added $24.71/year to my dividend income. This is an average yield of 2.46%.
UNP is still high on my buy list. I may taper off purchases just a little as continued weakness in shares could provide even better buying opportunities. I’d like to have a full position by the middle of the year.
I just love V. If I had to pick only 10 stocks for a capital appreciation portfolio over the next 10-20 years, V would be in there. No debt and tremendous cash flows. They are growing their dividend with leaps and bounds. The yield is low because the stock price keeps going up. I don’t have a problem with that. I don’t need to live off of dividend income anytime soon and at the rate they are compounding, I should end up with a pretty decent yield on cost in the long-term.
In Recent News:
I’ve finished the last items for my TABC application and am just waiting on a license to be issued. I’m targeting an opening by mid March. I’ve learned that my kitchen doesn’t meet all of the requirements for a commercial kitchen and I have to make more changes. These costs may slow my dividend purchases for a while since I’m also saving for a large tax payment. I’ve ordered a POS system and it’s on the way. They even included a new IPAD to run the sytem on with printers and other needed hardware. I still need to take a 10-hour food management course. It’s a constant learning process. I am still working on menus and ordering basic things needed to open.
The picture is of the sunset from the top floor of my new bar.
My Dividend Pipeline says
I picked up some shares of UNP twice this month also, including today. It’s good seeing you back in the game! Keep it up.
My Dividend Pipeline recently posted…Recent Buys — UNP & AXP
All About Interest says
Nice! I’ll keep buying UNP at these prices. It’s also good seeing you come back as well. I’ll be watching your buys.
Congrats on your recent buys and progress with your bar. As you stated, it’s all a learning process and a dream of yours. It’s OK to be light on the divvy buys as long as you are making progress elsewhere. Have to admit, haven’t been reading many UNP or V buys in recent weeks. Saw a lot more Canadian bank buys and industrial names among others. But I guess everything was beaten down quite a bit the last couple of weeks. Value is more readily found.
DivHut recently posted…Getting Defensive With Defense Stocks
All About Interest says
Thanks, the bar is a work in progress and may hinder my purchases for several more months. I agree there seems to be more decent opportunities in this market right now.
Thanks for stopping by!
There’s quite a few bargains out there these days and UNP is a quality company with a sustainable and increasing dividend that currently, quite honestly, can be considered quite a bargain. I think you were quite smart to buy these shares and you’ll look back in a year or two at how smart you were. Congrats and love your articles.
Wallet Squirrel says
Nice, I’ve been thinking about Visa (V) for the same reason, but the dividend is just so low. I’m still on the fence. It’s nice to know other people think it’s a good choice though. However, I’ve been apprehensive of UNP just because the price fluctuates so much.
Scott @ Two Investing says
I love Visa as well. It’s one of my largest holdings. My yield-on-cost is already over 1% in less than 2 years thanks to its massive dividend increases. I’m betting it will be a cornerstone of my portfolio in about 20 years.
I’m still a little leery of buying railroads. They’ve always been enticing (especially after reading Atlas Shrugged!) but am worried about exposure to coal. What are your thoughts on that? I’m sure the railroads know about these trends more than we do and are making the appropriate changes.
Scott @ Two Investing recently posted…Automated Dividend Calendar