Jun 16, 2016

6 Recent Buys - ABT, AMGN, BNS, MMM, TGT, UNA

After closing out my position in Chevron (CVX) I had a nice pile of cash to redeploy. I have added to existing positions in Abbott Laboratories (ABT), Amgen Inc (AMGN), Bank of Nova Scotia (BNS.TO), 3M Company (MMM), Target Corp (TGT) and Unilever (UNA.AS). All right, here are the details of my transactions this week:

Buy in USD - Abbott Laboratories (ABT)
Trade Price: 38.32
Shares: 5
Commission: 0.36
Total: 191.96
Sector: Healthcare - Medical Appliances & Equipment
Yield: 2,7%
Payout Ratio: 49%
Dividend Increase Streak Years: 2
Annualized Dividend Growth 3-yr: 0
P/E: 17,9
S&P Credit Rating: A+

Buy in USD - Amgen Inc (AMGN)
Trade Price: 155.00
Shares: 2
Commission: 0.35
Total: 310.35
Sector: Healthcare - Biotechnology
Yield: 2,6%
Payout Ratio: 42%
Dividend Increase Streak Years: 6
Annualized Dividend Growth 3-yr: 29,9%
P/E: 16,4
S&P Credit Rating: A

Buy in CAD - Bank of Nova Scotia (BNS.TO)
Trade Price: 64.90
Shares: 1
Commission: 1.00
Total: 65.90
Sector: Financial - Banking
Yield: 4,4%
Payout Ratio: 50%
Dividend Increase Streak Years: 5
Annualized Dividend Growth 3-yr: 7,5%
P/E: 11,2
S&P Credit Rating: A+

Buy in USD - 3M Company (MMM)
Trade Price: 168.25
Shares: 1
Total: 168.60
Sector: Industrial - Diversified Machinery
Yield: 2,6%
Payout Ratio: 57%
Dividend Increase Streak Years: 58
Annualized Dividend Growth 3-yr: 20,2%
P/E: 21,6
S&P Credit Rating: AA-

Buy in USD - Target Corporation (TGT)
Trade Price: 67.75
Shares: 7
Commission: 0.34
Total: 474.59
Sector: Consumers - Discount, Variety Stores
Yield: 3,5%
Payout Ratio: 42%
Dividend Increase Streak Years: 48
Annualized Dividend Growth 3-yr: 17,8%
P/E: 12,5
S&P Credit Rating: A

Buy in EUR - Unilever NV (UNA.AS)
Trade Price: 38.25
Shares: 2
Commission: 0.77
Total: 77.27
Sector: Consumers - Personal Products
Yield: 3,3%
Payout Ratio: 72%
Dividend Increase Streak Years: 9
Annualized Dividend Growth 3-yr: 7,8%
P/E: 22,4
S&P Credit Rating: A+

Target's numbers look good in this overbought market. No wonder many DG bloggers have been buying the company since it fell below $70. They just raised dividend by decent 7,1%. I have promoted TGT to "Cornerstone" position in my portfolio.

CVX sale is naturally leaving a gap in my MAR/JUN/SEP/DEC dividends. AMGN, MMM, TGT and UNA purchases here are the beginning of patching that hole. I also wanted to average down my cost basis in Abbott. One more share of Scotiabank is the final little push towards my July dividends.

Thanks for reading. My Portfolio page has been updated to reflect these trades.

Disclosure: Long ABT, AMGN, BNS.TO, MMM, TGT, UNA.AS

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