There is no time like the present to add money into the market. After starting my after tax portfolio with a lump sum, I have been making additional purchases on a weekly basis. Approximately $250 of fresh capital is deployed each week into my current positions, I keep a list of which positions currently offer an attractive price and as long as I’m not overweight (up to 5%) on that positions I will add to it. Let’s move on to the reason you clicked on this article.
This weeks additions are:
1 share of VISA (V) @ $206.51
1 share of Franklin Resources (BEN) @ $26.56
1 share of Google (GOOG) @ $112.19 Slowly building this position for my growth portion, currently at 28 shares and lots of room to add more before it hits my 5% allocation.
Visa is a well know financial services company, you probably have a credit card with their logo on it. Their 0.70% yield might be overlooked but it has grown at a 21% rate over the last 10 years. That along with a low 20% payout ratio could equal continued increases for the foreseeable future.
Franklin Resources also know as Franklin Templeton is a global investment firm. This Aristocrat has raised it’s dividend for 41 consecutive years. Current yield of 4.19% and a 5 & 10 year CAGR of 8.64% and 12.74% along with a low 27% payout ratio. Share price has been stagnant over the last 5 years so don’t expect much growth but a solid dividend payer. I’m 14 shares shy of 100 and should reach that level by years end.
This week I invested $233.07 into my dividend portfolio and increased my forward dividend income by $2.66 or a 1.14% return, a bit low for some dividend investors standards but I believe Visa will continue to grow that dividend for years to come. You can view my portfolio holdings here.
Do you own either of these? Planning to add to your portfolio? share your purchases in the comments.