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Bert's Dividend Stock Purchases - October 2019

Published Sat, 26 Oct 2019 07:04:52 -0400 on Seeking Alpha

October has been a very busy month on the dividend stock purchases front for me. The "Free Stock Trade" wars allowed me to reduce my cost per transaction to $0, which unlocked the ability to purchase stocks in small quantities. With cash sitting in my brokerage account, I was ready to take advantage of companies that passed the metrics of our Dividend Stock Screener.
At the end of the month, I will update my Dividend Stock portfolio on our website. So you will be able to see the full impact of the transactions on my overall portfolio and my forward dividend income. The name of the game is financial freedom, so I am going to be more aggressive putting my capital to work, pushing forward my dividend income, and growing that number as much as possible.
Let's see the companies that were purchased and the impact each had on my forward dividend income. For each of the companies, at the time of the purchase, I ran the companies through our Dividend Stock Screener. The results of the stock screener are below, using the purchase price, average analyst earnings per Yahoo! Finance, and the company's dividend growth rate per dividendinvestor.com.
AbbVie, Inc. (NYSE: ABBV)
On 10/2/19, I purchased six shares of AbbVie, Inc. In 2018, I initiated a position in the company. Despite the fact that I missed the buying opportunity after the announcement of its pending acquisition of Allergan, I decided to add to my position at the beginning of the month due to the metrics. ABBV is still... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
ABBVIE 70.83   26.0 2.72 4.28 6.28
CANADIAN IMPERIAL BANK OF COMMERCE 81.35   9.5 8.59 4.33 5.17
UNITED BANCORP 11.50   0.0 0.00 0.55 4.85
ARCHER-DANIELS-MIDLAND 41.45   17.8 2.33 1.40 3.47
3M 170.58   20.6 8.28 5.76 3.41
DELTA AIR LINES 59.44   8.9 6.70 1.61 2.75


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