Daily dividend news for investors in dividend stocks

Dividend Stock Purchase: Lanny's September 2020 Summary

Published Thu, 08 Oct 2020 06:31:02 -0400 on Seeking Alpha

Seeking AlphaDividend StrategyDividend Stock Purchase: Lanny's September 2020 SummaryOct. 8, 2020 6:31 AM ET|| Includes: CAH, CVS, DEO, GD, JNJ, ORRF, VYM, WBA, WTRGby: Dividend DiplomatsDividend Diplomats Large-cap, Dividend Investing, Dividend Growth Investing, ValueDividend Diplomats .cls-1{fill:#024999;}SummaryIn total, my dividend stock purchases of VYM totaled $1,140.63, acquiring 14 total shares.
My dividend stock position with General Dynamics now pays me $138 in dividends per year.
In total, I deployed a total amount of $2,961.49 and added $112.82 to our forward dividend income, equating to an average dividend yield of 3.81%.
Welcome back to another month of Dividend Stock Purchases! The last 3 months have been heavy on our investment front. Now the question that the community is wondering - was I able to keep the dividend stock purchase pace up? The journey to financial freedom does not take breaks and one must continue to persevere through uncertainty, put cash to work and push that forward dividend income forward. September was no different, time to dive in!
Dividend stock purchase and dividend income: Path to financial freedom Investing consistently in Dividend Income Stocks allows you to create & build another income source. Dividend Income is our primary vehicle on the road to Financial Freedom, which you can see through my Dividend Portfolio, which continues to build and build. Further, I have written about every stock purchase and month of dividend income since we started this site, plenty of dividend history for you, the reader!
How do I make dividend stock purchases and screen for dividend stocks? I usually put the stocks through our Dividend Diplomat Stock Screener and trade on Ally Bank's investment platform (one of our Financial Freedom Products).
Purchasing dividend stocks takes capital or money. How do I build the capital to make these stock purchases? I save anywhere from 60-85% of my take-home pay and strongly believe... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
CARDINAL HEALTH 48.48   10.8 4.51 1.92 4.01
WALGREENS BOOTS ALLIANCE 55.56   10.9 5.10 1.83 3.22
CVS CAREMARK 63.90   17.9 3.57 2.00 3.14
JOHNSON & JOHNSON 130.43   21.6 6.03 3.80 2.93
VANGUARD HIGH DIVIDEND YIELD ETF 89.75   0.0 0.00 0.00 2.79
ORRSTOWN FINANCIAL SERVICES 23.09   0.0 0.00 0.60 2.65
DIAGEO 166.57   0.0 0.00 4.22 2.57
GENERAL DYNAMICS 189.41   16.8 11.25 4.08 2.17


Older articles featuring Cardinal Health (CAH):
The Retirees' Dividend Portfolio: John And Jane's September Taxable Account Update
Dividend Champion And Contender Highlights: Week Of October 11
65 Dividend Aristocrats Optimal October Outcomes
My Dividend Growth Portfolio Q3 Update: 28 Holdings, 16 Sells, 12 Buys, 3.89% Yield
Dividend Champion And Contender Highlights: Week Of September 27
Dividend Aristocrats See 6 Star September Selections
I'm Investing $50,000 In These Dividend-Paying Companies
The Retirees' Dividend Portfolio: John And Jane's August Taxable Account Update
A 91 Kiplinger 'Most Reliable Dividend Stocks On Earth' September Update
Dividend Aristocrats Show Six Best Mid-August Selections