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Recent Buy - Stack +1

May 22, 2017

It’s been a little over a month since my last purchase, the market has been relatively flat over this time with some stocks dropping on earnings and others moving the opposite direction. Let’s get down to it.

 

The following information represents key information I utilized in my purchase decision

 

The Purchase Facts:

 

Company Name: Cisco Systems

Ticker: CSCO

Purchase Date: May 19, 2017

Purchase Price with Fee: $31.27

Shares Transacted: 60

Total Investment: $1,876.65

 

The Company Dividend Facts:

 

Dividend Per Share (last year): $1.16

Purchase Dividend Yield: 3.71%

Payment Frequency: Quarterly

 

Dividend Stacker Dividend Facts:

 

Purchased in What Account? Brokerage

Previous Forward 12-Month Dividend: $449.68

New Purchase Dividend: $69.60

Account New Forward 12-Month Dividend Total: $519.28

 

I would like to get this accounts forward dividends to $800 by the end of the year, if I get there, I think that I’ll be able to meet my goals set back in January.

 

Other Factors Considered:

 

Cisco Systems had a strong earnings report but submitted lower guidance based primarily on less government spending in their area. This sent the stock into an 8% drop, I find this drop to be a huge short-term overreaction and will be looking to add more shares if it continues to drop. Cyber security is going to be a growing industry for decades to come, Cisco is well positioned to lead the way in the sector.  

 

Bottom Line

 

I now have 55 shares of CSCO in my Roth IRA account with another 60 shares in my Brokerage account.

 

Opportunities are starting to arise as some specific stocks have pulled back from recent highs, anyone else diving into any new companies?

 

Disclosure: I am long CSCO.

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