A new buy for my Vrijheid Fonds, I added some extra Royal Dutch Shell.
The financial markets have been tumbling down last week, due to the Corona virus. So, what can a long-term dividend growth investor do? Of course, just be happy and be greedy when others are fearful. I still had some money left in one of my brokerage accounts, after receiving dividend. That gave me the opportunity to pick up some great stocks that were on sale.
First, I have bought some extra 3M. The maker of mask which are on high demand right now. For more information about this buy just read my post Recent buy – 3M Company – February 2020.
Last week I saw again a nice opportunity to buy a great company which I already own. A great company with a dividend yield of almost 8%. This together with the knowledge that this company has never lowered its dividend or passed on it since 1943. So, once again I pulled my buy trigger and I have bought some additional shares of Royal Dutch Shell A (XAMS:RDSA).
On February 28th I bought 43 additional shares of RDS at €19.98 per share (incl. fees).
With this buy I added a little bit more than €47 (after taxes) of projected dividend to my Vrijheid Fonds for 2020. Now I own 444 shares of RDS, and this position produces € 634 ($700) after taxes in dividend income annually.
Again, a small step in my journey and one-step closer to my goal.
What do you think about my recent stock purchase? Are you buying anything during these market thumbling days or building up cash? Please let me know below.
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