Latest Buy: DPS

Today I put some capital to work. The last time I bought something was back in July. The market pulled back the last few sessions due to the debt ceiling soap opera. The cheaper stocks get, the happier I am, because cheap stocks mean great future returns.

Today's buy:

• 35 shares of Dr Pepper Snapple Group Inc. (DPS) @ $43.70

This purchase will add $53.20 to my annual dividend income.

I already had a position in DPS, and decided to average down. The stock seems fairly valued. Management is expecting 2013 EPS to hit the $3.04 - $3.12 range. That means a forward PE between 14 and 14.4 which seems fair for this company. DPS is one a the few consumer staples that doesn't seem fully valued at the moment. The whole sector has been quite expensive the last few months.

On a different note, Coca-Cola's stock also pulled back. Buying now gives me an 3% entry yield which is something you don't get to often with Coke shares. I might pick up some shares of this great company in the near future. I'd love to have a position in Coca-Cola!

Thanks for reading. 

September 2013 Dividend Income Update

Nice month for the portfolio regarding dividends. September treated me with four dividend increases, I decided to sell Intel, and today PSX announced a stunning 25% dividend increase! I love the growing stream of passive income my portfolio is generating. The amount of dividends my portfolio generated this month is a record!


Here's the dividend update for September 2013:

Dividends Received

• WFC: $25.20
• INTC: $11.25
• WMT: $9.87
• PSX: $8.44
• AFL: $20.65
• JNJ: $11.22
• IBM: $7.60
• CVX: $11.00
• NSC: $7.80
• MSFT: $12.19
• MCD: $21.56

Total dividend income for September: $146.78

My 2013 goal is $1000, so far I'm 76.17% of the way there, my progress is tracked here.

I'm 100% sure I will meet this goal and already thinking about setting a goal for 2014. I'm thinking about $1500 in dividends for 2014 would be a nice challenge.

Thanks for reading