The market keeps tumbling lower with a majority of equities at their 52 week low. Great time to pick up shares at a lower premium, who doesn’t like a sale? This week is a repeat of the previous week, I want to take advantage of UNP staying below my target price so I couldn’t pass up the opportunity.
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 Union Pacific (UNP) @ $203.36
2 share of Franklin Resources (BEN) @ $23.32
1 share of Google (GOOG) @ $99.62 Slowly building this position for my growth portion, currently at 30 shares. With the price now falling below $100 can’t pass it up.
This week I invested $250.02 into my dividend portfolio and increased my forward dividend income by $7.52 or a 3% return. I now only need 11 more shares of BEN to reach a full position. You can view my portfolio holdings here.
Union Pacific Corporation is a publicly traded railroad company. With fuel costs and labor shortages, moving goods from coast to coast over our interstates is expensive. The old Iron Horse is sill putting in the work and getting the job done. With a 2.45% yield that has grown at a 15% rate over the last 5 and 10 years. They have paid a dividend for the last 32 years and increased that dividend for the last 15 years, not to shabby and a comfortable 44% payout ratio.
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.
Do you own either of these? Planning to add to your portfolio? share your purchases in the comments.