A new buy for my Vrijheid Fonds, I added some extra 3M.
We are living in uncertain times and we see some nice volatility in the markets. And with volatile markets I always keep in mind the saying: Short-term volatility is a long-term opportunity.
This week, when I received my paycheck, I pulled my buy trigger again. I have averaged down on a great Dividend Aristocrat, the industry conglomerate 3M. 3M is one of my favorite Dividend Aristocrats I own. So, if I see an opportunity to buy some extra shares, I will (almost) always take action when I have some extra cash at hand.
In the February of this year, I have updated my analysis of 3M. For my 3M analysis Pollie-style, just read my post 3M Company (MMM) Stock Analysis Pollie Style – 2020. With a lower P/E-ratio than back in February, I think these extra shares will provide me with a lot of dividend in the coming years.
On May 20st I bought 6 additional shares of MMM at $150.06 per share (incl. fees).
If have bought these shares just before the ex-dividend date, so I will receive my first dividend for these extra shares in June. With this buy I added a little bit more than €20 (after taxes) of projected dividend to my Vrijheid Fonds for 2020. Now I own 49 shares of 3M and this position produces € 209 ($229) after taxes in dividend income annually.
Again, a small step in my journey and one-step closer to my goal.
Has anyone else invested in this company recently? I like to hear from you!
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