So, it is a brand new month of September and Mr. Market has continued its cheerless mood. The stocks are still down for the year, which causes a question, can Mr. Market become happy again? Thankfully, I am not in the speculation type of investment strategy of buying low and selling high. Actually, I like when Mr. Market is happy as well as sad, this is because when he is happy I see my total investment portfolio rise, and when he is sad, boy does it mean that he is punishing a lot of companies, which only means to dig in and buy baby buy.
This recent acquisition I decided to go with Wal-Mart Stores, Inc (WMT). This dividend aristocrat has increased its annual cash dividend payouts since 1974. It is also coming up on a dividend raise here in the next quarter. I am pretty happy to snatch it up at 2012 price levels which is close to 52 week lows.
Founded in 1945, Wal-Mart Stores Inc. is an multinational retail corporation that owns and operates discount and wholesale department stores worldwide. It operates through three different segments: Walmart U.S., Walmart International and Sams Club. The company offers a huge diversified variety of merchandise and services through many different sectors. Its main philosophy includes having a very competitive product pricing model. Currently, it operates more than 11,462 stores in 27 different countries and e-commerece Websites in 11 countries. Walmart is the largest private employer in the world.
- Dividend Yield: 3%
- 3 Year Dividend Growth Rate: 11%
- Payout Ratio: 42.7%
- P/E: 13.8
- Consecutive Years of Dividend Raises: 40
I purchased 16 shares of WMT for the price of $64.70 adding $31.36 to my annual dividend income.
This is the 9th time I am initiating a stock acquisition this year. This transaction is my initial purchase of WMT into the portfolio. Furthermore, the acquisition of WMT makes it the 33rd company I am invested in. Currently, WMT ownership stake represents to be around 1.6% of my current portfolio value.
The 12-month dividend income increased to $2,449.
Thank you for reading & have a great day!