After selling all of my BAX shares last week @ $40.49, I looked around at all the different stocks that were knocking at my door looking to be purchased. Just about everything on my watchlist looks appealing after the declines from Monday. Instead of opening a new position, I wanted to add to a stock that I absolutely love, 3M.
- Bought 5 Shares of MMM @ $140.302
- This purchase added $20.50 to my forward annual dividends, bringing the total to $1,161.80.
I wanted to average down my cost and when I looked at the chart for MMM, I liked what I saw. Here is the chart for MMM courtesy of StockCharts.com:
MMM has not been this low since about a year ago when it dipped just below $130. It has a 45 year streak for paying dividends and also increased the amount significantly over the past few years. In November of 2013, it was paying $0.635 per quarter, and this year it is paying $1.025 per quarter. Thats a 60% increase over the past 2 years! I don't expect that kind of growth to continue but I do expect increases. The current 3% yield is nice in an of its own.
Disclaimer: I am not a licensed investment professional. I am not liable for any losses suffered by any parties. Any information on this site is my opinion only and should not be used for investments of any kind.