Scottrade offers a Flexible Reinvestment Plan that will reinvest dividends for free. This is similar to my Capital One Investing account, however it only buys full shares whereas Capital One will grant partial shares. Through my dividends, I was able to buy the following:
- Bought 1 share of DPS @ $82.03
- Bought 1 share of CMP @ $80.8059
- Bought 3 shares of MMM @ $151.076
These purchases add $16.86 to my forward yearly dividends bringing my total to $1,138.59
(I noticed a small issue with my spreadsheet and my dividends were much higher than it was showing! It has been updated)
Disclaimer: I am not a licensed investment professional. I am not liable for any losses suffered by any parties. Any information on this site is my opinion only and should not be used for investments of any kind.
Great buys, I'm also looking to add to my CMP position.
ReplyDeleteThanks Captain! I still love CMP and will use my dividends paid in that account to keep adding for a while.
ReplyDeleteNice purchases Adam...we just picked up MMM a few weeks back for our family's dividend stocks portolfio. I like the buy at current prices. Way to add another $16.86 to the forward dividends! keep up the pace.
ReplyDeleteBest wishes and continued success on your personal journey! AFFJ
Thanks AFFJ! It feels good to keep adding to the end goal. Glad to see others picking up MMM as well. Thanks for the comment!
DeleteNice buys IWTRS. MMM has definitely come down a lot from the highs and DPS continues to impress me. Keep up the great work!
ReplyDeleteADD
Thanks ADD! Ya there are a lot of good names out there. I wouldn't have thought DPS would be so good but they do continue to do solid business. Anyway, thanks for stopping in!
Delete