It is always a good week when you get a dividend increase and Williams-Sonoma (WSM) came through for me with an 11% raise to put a smile on my face. Hunting for value in this market is still tough and I will continue to buy in small amounts, here are my buys for the week:
- AbbVie Inc. (ABBV) – increased position – AbbVie stock price significantly dropped Wednesday after the FDA requested additional information to assess the benefit of their new drug Rinvoq. Grabbed 2 shares @ $103.40 and a 5.03% yield.
- Algonquin Power & Utilities (AQN) – increased position – My fidelity brokerage account does not allow a DRIP into AQN and have to remember to pick up some additional shares on occasion to compensate. Grabbed 12 shares @ $15.46 and a 4.01% yield.