We have another fun-filled article about dividend investing. More importantly, this article discusses the stocks (and ETFs) we have purchased lately. The last week has been insane in the market. Despite volatility, we continue to put our hard-earned cash to work. In total, we purchased 4 companies and one ETF over the last week. Let’s review our recent stocks to buy.
The stock market continues to be impacted by the coronavirus. Unfortunately, coronavirus cases continue to surge as we head towards winter. Further, Congress continues to finalize the next round of economic stimulus. Both topics have caused the market to fluctuate daily. In fact, on some days, the market fluctuates by the hour.
Despite the changing economic landscape, the stock market continues to present us with undervalued dividend stocks to buy. As you know by now, we are always on the lookout for stocks to add to our portfolio. In good times, or bad, we are always going to find ways to put our cash to work and purchase income-producing assets. After all, we need to grow our dividend income and allow our passive income stream to work for us.
In total, we purchased shares of 4 companies and 1 ETF. We purchased each of these stocks after running the company through the Dividend Diplomats Dividend Stock Screener. This is the simple, three-step stock screener that we use to identify all of our investment opportunities. The 3 stock metrics are:
- Price-to-Earnings Ratio less than S&P 500
- Dividend Payout Ratio less than 60%
- Dividend Growth History and Dividend Growth Rate
These purchases were all high-quality dividend stocks, which is always great to see. Three of the companies are Dividend Aristocrats (A company that has increased its dividend for 25+ consecutive years), and one is an exchange-traded fund that invests in dividend growth stocks!
