Consumer spending was below expectations, FOMC minutes hinting at tapering, inflation impacts and a resurgence of COVID kept negative pressure on the markets all week. Still no screaming value out there but some retreat on stock prices is always welcome. Here are my trades for the week:
- Oil-Dri Corp. of America (ODC) – increased position – A small price pullback led to a small purchase. Grabbed 3 shares @ $34.65 and a 3.12% yield.
- Leggett and Platt (LEG) – increased position – Just enough of a price pullback to let me add to my industrials sector. Grabbed 4 shares @ $47.41 and 4 shares @ $46.90 for a 3.58% yield.
- Lockheed Martin (LMT) – increased position – Third week in a row buying this bad boy. Problem is the account I buy this in is now out of cash…what to do? Grabbed 1 share @ $355 and a 2.93% yield.
- Walgreen Boots Alliance (WBA) – increased position – Not the best price but P/E touched 18 which seems reasonable in this market. Grabbed 4 shares @ $47.71 and a 4% yield
Simple Dividend Growth 
Nice! Bought 21x WBA and 10x LEG myself this week.
Always nice to see someone else make the same moves.
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We take advantage when we can 😉.
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Might add some more WBA this month as well.
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I buy WBA with a min 4% yield to compensate for low divvy raises last few years.
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Interesting buys SDG. I own LMT as well and was buying during the early part of this year. Pretty happy with my current cost basis.
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I did the same earlier when prices were below $330/share. One thing I like to do is 1 month before an anticipated dividend raise I take an estimate of what I think the raise will be and readjust my max buy price. In the case of LMT I target a 3% div yield.
I forecast LMTs dividend increase in the 5 to 7% range. Based on that, a 3% yield would be at $364 to $370/share. In theory because I bought most of my August buys below $364 and should be getting a yield that exceeds 3% next month.
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