Today, I just purchased more shares of an incredible dividend growth stock. A stock that I started buying in 2018, I was so thrilled to purchase on a big down day after their quarterly earnings report. Of course, I'm talking about 3M Company (ticker MMM). Today's video covers my recent 3M purchase and also two other dividend stocks I'm buying right now in October, 2018. (I'm thrilled to also share 3 dividend stocks that are currently on my stock watchlist.) Get ready for an exciting video!
Stock Purchase 1: 3M (MMM)
It seems like 3M is never really on sale. Today, the stock market gave this dividend investor a gift. It seems like stock market analysts really don't like 3M's recent earnings report. Revenue is down 0.2% and net income is up 8%. They did lower guidance for the year. As a long-term investor, I am very comfortable with shorter term earnings (and stock price) volatility. With 3M stock tanking, I picked up a few shares right around $190 per share. While my starting yield of 2.86% is not that exciting, it's really not a bad starting yield for this premium company. I plan to hold forever and look forward to future dividend increases.
Stock Purchase 2: PepsiCo (PEP)
While it's not a great value now, it's not a bad one either. Trading at the middle of it's 52-week range, I took this opportunity to buy more shares of my #2 favorite dividend stock of all time. With 4.5% of my portfolio in this this stock (by dollar amount), I really want to add more shares. I'm trying to bring this position up to about 7% of my total portfolio value. With a starting dividend yield of 3.4%, I feel comfortable adding more shares at current prices.
Stock Purchase 3: IBM (IBM)
Last on my list is IBM. Due to their lackluster earnings report, the stock market totally hates this stock. That makes me quite intrigued. With a forward PE ratio below 10 and a starting dividend yield of 4.8%, I'm buying more IBM here. However, I'm also making sure to keep this stock as a lower percentage of my overall portfolio.
Next, up I share three stocks on my watchlist right now in October, 2018. I'm following Ford (F), Cedar Fair (FUN), and Abbvie (ABBV). I'm particularly excited about the first two right now, and share some really fun investing insights in today's video.
Live in the greater San Francisco area? I'm organizing the first ever PPC Ian meet-up at Starbucks Reserve in San Francisco! Learn more here:
Want to learn even more dividend investing insights? Make sure to connect with me on Instagram (I'm @ianlopuch): https://www.instagram.com/ianlopuch/
Here's my original video on 3M (MMM) from when I started purchasing shares earlier this year:
Here are my top five favorite dividend stocks of all time:
Favorite Dividend Stock 5:
Favorite Dividend Stock 4:
Favorite Dividend Stock 3:
Favorite Dividend Stock 2:
Favorite Dividend Stock 1:
I'm buying IBM right now because I believe it's a deep value:
Here's what I think about Ford (F):
I invested in Cedar Fair (FUN) and I may purchase even more shares:
Here's what I think about Abbvie (ABBV) as a dividend growth stock:
Disclosure: I am long 3M (MMM), PepsiCo (PEP), Johnson & Johnson (JNJ), IBM (IBM), Cedar Fair (FUN), Pfizer (PFE), and Starbucks (SBUX). I own these stocks in my stock portfolio.
Disclaimer: I'm not a licensed investment advisor, and PPC Ian videos, Excel files, and content are just for entertainment and fun. PPC Ian videos, Excel files, and content are NOT investment advice. Also, I'm not a tax advisor and PPC Ian videos, Excel files, and content are NOT tax advice. Please talk to your licensed investment advisor before making any financial decisions. Please talk to your licensed tax advisor before making any tax decisions.
All PPC Ian videos, Excel files, and other content are (c) Copyright IJL Productions LLC.