On Tuesday I bought shares of Wal-Mart Stores (WMT), the largest retailer in the world by revenue. Some of my research is summarized in an article about WMT that was published today at Seeking Alpha.
I bought 25 shares of WMT at the price of $73.44 per share plus commission, giving me a 2.55% yield on cost. At the current dividend rate, I can expect to receive quarterly dividends of $11.75 from this purchase, which will add a total of $47.00 to my annual dividend income. My forward 12-month dividend total increases to $2,899. This purchase was made in my taxable account by combining new capital with accumulated dividends. (In fact, some of the dividends that I received on Tuesday were used for this purchase -- now that's rapid selective dividend reinvestment!) WMT becomes the 31st stock in my dividend growth portfolio.
October got off to a quick start on the investing front, with same-day purchases of WMT and XOM. Those purchases used up all the new capital I had just added to my accounts, so there will be no more purchases this month. I plan to sit back and watch as earnings roll in over the next few weeks.