|2016-01-26: Bought 280 shares of F at $12.24 per share.
2016-01-29: Bought 150 shares of F at $11.77 per share.
I already own 170 shares of Ford, which I bought in November 2014 at an initial yield on cost (YoC) of 3.96%. YoC for the 2 buys is 4.9% and 5.1%, respectively, and the average YoC of my Ford holding is 4.64%.
With these buys, I'm increasing my total share count to 600 and DivGro's projected annual dividend income increases by $258 to $7,535.
To see why I increased my investment in Ford, please read this article at Seeking Alpha. One of the reasons is that I wanted to grab more of the special dividend Ford paid recently. Another reason is that I want to write covered calls on my Ford shares, and so increasing the effective yield of my investment!
Please feel free to leave comments on this article either at Seeking Alpha or here, on my blog. I'll do my best to respond to each comment as quickly as possible.