New inflation numbers came out this week and it was all the talk in financial circles with a whopping 8.5% rise. Thankfully I received some dividend raises to offset inflation; Procter & Gamble (PG) issued 5% raise while Artesian Resources (ARTNA) issued a 2.02% raise.
Here are my trades for the week:
- Independent Bank Corp (IBCP) – increased position – Share price is less than what I paid last October. Grabbed 10 shares @ $21.36 and a 4.12% yield and 10 shares @ $21.19 with a 4.15% yield.
- Oil-Dri Corp. of America (ODC) – increased position – ODC has been slow to react to inflation and their share price is suffering. Grabbed 7 shares @ $26.90 and a 4.01% yield.