When the week started I was resolved to not buying anything this week but then noticed a small movement of money shifting away from defensive names. It wasn’t a large move but enough to make me want to buy:
- General Mills (GIS) – increased position – GIS is back to increasing annual revenues year over year and 2020 marks the 4th year in a row. Growing revenue is always good for dividend growth and grabbed 9 shares at $54.13 and a 3.77% yield. This also will help to contribute to my overall dividend payout in the second month of a quarter.
- J.M. Smucker (SJM) – new position – Starting to see SJM finally make some moves to sell some product lines, refocus on key growth areas, and I do not believe SJM is done selling product lines. Grabbed 4 shares at $111.28 and a 3.23% yield.
- Oil-Dri Corporation of America (ODC) – increased position – This buy was also part of my efforts to increase my overall dividend payout in the second month of a quarter. Grabbed 5 shares at $33.34 and a 3.12% yield
Simple Dividend Growth 
Nice purchases. I have owned GIS and SJM for several years. I’m still looking at ODC but decided to purchase GD this month simply cause i wanted more industrial sector exposure and its cap is much larger. Did you consider GD?
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I like both GD and LMT long term and believe both are good to buy, not bargain basement steals but always worth considering when their div yield tops 3%. I already have a decent position in LMT in my 401K but I may add GD down the road if I want more exposure.
Downside to ODC is its a microcap and thinly traded. I don’t like to have large positions in microcap stocks in case I ever have to sell.
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