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Dividend Stock Purchase: Bert's May 2020 Summary

Jun. 14, 2020 10:06 AM ETCINF, MTB, TJX, DKS5 Comments
Dividend Diplomats profile picture
Dividend Diplomats


  • May was another fascinating month in the market. The number of green days significantly outnumbered the red days.
  • In the month of May, my wife and I purchased $2,362 of stock. The purchases added $117 in dividend income to my portfolio.
  • Upon reviewing my listing of purchases, there were two companies we purchased heavily in May: Cincinnati Financial and People's United Financial.

May was another fascinating month in the market. The number of green days significantly outnumbered the red days. For our portfolio market values, it was exciting to see. However, from a stock purchase standpoint, it was a little frustrating. As prices appreciated, the number of purchase opportunities slowly faded. Still, as you saw in Lanny's May purchase article and you'll see in mine, there were still opportunities to purchase strong, quality dividend growth stocks. Let's dive right in and view my May dividend stock purchase summary.

After the pandemic started and we started receiving dividend cuts, I enhanced my stock purchase strategy. I would invest in small dollar increments rather than make large stock purchases. Thank goodness for free trades. Otherwise, this strategy modification would not be possible.

Further, I would focus on investing in quality dividend growth stocks. It is not like I wasn't doing that before. Quite the opposite. However, when times are tough, I want to add to or initiate positions in companies that have proven their ability to pay and grow their dividends through good times and bad. Dividend Aristocrats and Dividend Kings… come on down!

Luckily though, this is just an enhancement of our investing strategy. Over the years, our trusted Dividend Diplomats' Dividend Stock Screener has identified plenty of great investment opportunities. The 3 simple metrics allow us to find those undervalued dividend growth stocks with a strong dividend history and a manageable dividend payout ratio. A recipe for success and I am very fortunate to have used this screener to build such a strong foundation.

Dividend stock purchase Activity - May 2020

In the month of May, my wife and I purchased $2,362 of stock. The purchases added $117 in dividend income to my portfolio. The remainder of the article will discuss the major purchases and summarize the "best

This article was written by

Dividend Diplomats profile picture
Two guys who love Investing, Dividends, Frugality, Passive Income & attempting to Reinvest Our Dividends to one day achieve Financial Freedom! Follow us on your journey towards a work-free life! We share EVERY ASPECT of our journey on our blog, social media, and YouTube Channel. Make sure to follow us so you don't miss an update. Updates include the stocks we are watching, buying, selling, and our overall thoughts about the the marketBlog: http://www.dividenddiplomats.comYouTube Channel: www.youtube.com/dividenddiplomatsTwitter: https://twitter.com/DvdndDiplomats

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Comments (5)

SleepyInSeattle profile picture
Well done!
kamax1 profile picture
bought some cinf a couple of weeks ago and already up 16%!!!!!
The financial sector is underrepresented in my portfolio and my wife's. We own PBCT and ORI. I'm considering adding another bank soon.
amegalo profile picture
For what it’s worth.I just added mildly added to my PBCT holdings the other day. It looks like reliable retirement income. My paper losses do not look good in my account but the dividends keep rolling in which help to offset those losses. If I don’t sell I don’t lose. I just like knowing the income is on the way.
Chart Rider profile picture
I think that there is no such thing as a 'dividend growth stock.' Once a company begins paying dividends, it's no longer growing and the goal is to manage the stock price to keep it from going up.

That said, I have been buying Mastercard, Visa, Posco, CNH Industrial (because they are selling an electric tractor backhoe and have purchased 7% of Nikola shares)., I should buy more shares in Red Robin and KAR.
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SymbolLast Price% Chg
Cincinnati Financial Corporation
M&T Bank Corporation
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