On November 13, 2015 I initiated a position of 5 shares in Target Corporation (TGT) at $72.69. With a current dividend rate on their second payment at $0.56/share this will add $11.20 to my annual dividend total all else being equal.
I finally added Target to my portfolio after wanting to when it fell down lower than where Walmart is due to the security breach, but never found the chance to. Happy to be on board with both of these retailers now.
Photo Source:http://www.forbes.com/companies/target/
Nice purchase! Target's long dividend streak makes it a Dividend Aristocrat. On a personal note, I much prefer shopping at TGT to WMT (though I'm long WMT). The stores feel cleaner.
ReplyDeleteBen,
ReplyDeleteI wish I got in after the credit card breach. Many like
TGT better than WMT as a retailer for several reasons. I'll go to both from time to time too. I like owning both of them though! :)
Thanks for stopping by!
Good buy SWAN. I bought TGT right after the breach, then sold it all a year later when the stock was up $20+ a share. With the recent drop in price, TGT is looking attractive again. I like this stock at the price you paid.
ReplyDeleteInvestment Hunting,
DeleteYou made a quick $20 a share gain in a pretty short amount of time. That is pretty good. I wanted to buy it when it was down there, but decided to build on other positions at the time with limited capital for whatever reason.
If I waited a few days longer this time it dropped temporarily again. I doubt the timing will make much of a difference though with 5 shares and a long holding period in my portfolio.
Do you plan on jumping back in?