Recent Buy – Target (TGT)

Woohoo! This is my first stock purchase since July when I bought GIS. I tend not make purchases of stock until I build up my cash reserves. Normally, I wait until I have $2000-$4000 saved up before I make a purchase. It usually takes me three months to reach a full $4000 in cash reserves for purchasing stock. I get a little over $2000 each quarter from dividend investing income and the other $2000 I save up from my working income.

Last Friday I made a purchase of Target Corp (TGT). I bought 70 shares of Target at $56.98. My initial plan was to purchase a stock in the industrials sector, but as the stocks on my watch list pulled up from their lows I decided to look elsewhere. TGT was another stock on my watch list that was getting pummeled the past year reaching all-time lows. So I took advantage of that instead.

I find it hard to “plan” a specific purchase weeks in advance. The stock market is unpredictable and you never know where the price of a stock will go. I guess that’s another reason why it is good to have a watch lists with many possible stocks of interest. If one loses its appeal, there will always be other options. I am happy with my new purchase of TGT and look forward to collecting ever increasing dividends from Target in the coming years (decades I hope).

This purchase of 70 shares of Target Corp (TGT) adds $173.60 to my yearly dividend income (equating to $43.40 each quarter). TGT represents the 15th stock now in my portfolio, the Dividend Empire, which is now set to generate $8,181 in yearly dividend income over the next 12 months! Cha-Ching! So what do you all think? Is TGT on your watch list? Do you already have TGT?

16 Comments

  1. Mr. Robot

    TGT has been on my watch list for a long time. Have not pulled the trigger yet in favor of other purchases. To be honest I also was a bit scared regarding the continuing price drop and their seeming lack of competition towards Amazon. Wall Mart seem to have found a bit of an answer, it will be interesting to see what TGT does.

    Reply
    1. My Dividend Dynasty (Post author)

      Hi Mr. Robot. Yes, it will be interesting, but I think TGT will adapt to match their competitors. But we will see what happens. Looking foward to collecting dividends in the meantime. 🙂

      Reply
  2. Engineering Dividends

    TGT provides a nice addition to your annual dividend income. A timely purchase considering this week’s 3%+ advance in the stock price! I have TGT in my portfolio as well, though my cost basis is higher than yours. Thus, I like where you got in. Things don’t seem as negative for TGT recently as they’ve been in the past few months. Let’s hope the move this week is the start of a trend higher. Well done!

    Reply
  3. My Dividend Dynasty (Post author)

    Thanks Engineering Dividends. I am glad I bought it when I did, at a low point. I too, hope this week marks the start of a new postitive trend upward! Thanks for stopping by! 🙂

    Reply
  4. Dividend Seedling

    Nice buy. I got in earlier in the year midway through the free fall. Great value here.

    Reply
    1. My Dividend Dynasty (Post author)

      Thanks Seedling. 🙂

      Reply
  5. Dividend Diplomats

    Very nice buy. TGT is one of my largest holdings. Doesn’t it feel great to be back in the game My Dividend Dynasty?? And you were able to capture TGT while it was still in the mid-$50s. What isn’t to love here?

    Bert

    Reply
    1. My Dividend Dynasty (Post author)

      Hi Bert! Yes, it feels nice to be back buying again. Can’t wait to start collecting those dividends! 🙂

      Reply
  6. DARK

    Hi “My Dividend Dynasty”

    Only from the point of view of “Technical Analysis” TGT is reversing its trend.. So looking at this, great buy.

    Keep up the good work!

    Regards

    Reply
    1. My Dividend Dynasty (Post author)

      Hi DARK. It will be interesting to see what the company does over the next few years. I think they will adapt to match their competitors in the long run. Thanks for your comment. 🙂

      Reply
  7. passivecanadianincome

    woot nice buy dynasty! always nice to throw down a stack on a unloved stock. Great increase to your yearly income as well! keep stocking!

    Reply
    1. My Dividend Dynasty (Post author)

      Thanks PCI! Will keep stocking! 😀

      Reply
  8. Dividend Daze

    Those are some serious dividend numbers you are generating. I am the same way with my buys. I usually don’t buy as frequently as I see others doing it. Once every few months probably. Wish I could do it more. TGT is a great pick up. Solid history and high yield. I currently own it as well but not as many shares. Probably my second or third biggest holding. It has rebounded a lot since it’s 52 week low a few months back. Still pretty good value though.

    Reply
  9. My Dividend Dynasty (Post author)

    Hi Daze. Yeah, TGT has had a nice rebound since then. Buying once every few months seems to work for me and it looks like you are doing great as well. Like you I also wish I could do more. But I will patiently wait for the next opportunity (probably late December or most likely January) for my next purchase. Thanks for your comment! 🙂

    Reply
  10. Dividend Portfolio

    Congrats on your purchase Dynasty. I don’t currently own TGT but it was one of the stocks I was considering when I was looking to add 5 stocks to my portfolio. I think you made a great buy.

    Reply
  11. My Dividend Dynasty (Post author)

    Thanks DP! 🙂

    Reply

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