Well it has been about 3 months since the last acquisition and I feel like time has flew by leaving some major cobwebs on my fingers. The delay was primarily due to most of the monthly savings going towards the trip to Lithuania and the purchase of a new salvaged vehicle. I will talk more on that in time to come, but for the current period I am sure glad to get back into the buying game as that is the best way to increase your dividend income over time. Sure dividend raises are great and all, though the fastest way to increase them dividend payouts are owning more and more shares of these great businesses.
Aflac Incorporated is a general business holding company which acts as a management company, overseeing the operations of its subsidiary American Family Life Assurance Company of Columbus (Aflac) by providing management services and capital. Aflac U.S. & Aflac Japan has a diversified portfolios of insurance plans designed to to help consumers pay for medical and non medical costs while also providing supplemental coverage for people who already have coverage. Its primary business is supplemental health and life insurance, making Aflac a number one insurance company in Japan while having presence in all 50 United States, Puerto Rico and Virgin Islands.
With this acquisition I chose to stay within the portfolio. With the recent market pullback, there were many company stock sales at a very attractive discounts. It did not get anywhere to Black Friday, but I will take the next best thing. It was a toss up between NSC, GSK and AFL. So I decided to go with AFL as I believe it is the best deal out of the three at this current time. It is near its 52 week low due to 2nd quarter profit drop so it took quite a tumble. I have been a long fan of this insurance company and even bigger of a corky duck that we see during the commercials. The dividend growth for this company has been outstanding over the years which I believe it will continue since their payout ratio is so low.
- Dividend Yield: 2.5%
- Payout Ratio: 23.8%
- Forward P/E: 9.3
- 31 Years of Dividend Raises
I purchased 18 shares for the price of $59.12 adding $26.64 to my annual income.
The 12-month dividend income increased to $2,483.