Recent Buys – Wells Fargo (WFC) and AbbVie (ABBV)

After months of saving, it always feels great to pull the trigger and buy some new stock. The last time I made stock purchases was back in January. The market has been quite high this past quarter but there are still plenty of opportunities out there. I divided my cash stockpile (totaling $4,000) to make two purchases. I used to make one giant purchase with my entire stockpile, but since I am earning more in dividend income now, I have been dividing my stockpile up to make more then one purchase. Over the last 2 weeks, I made two buys: Wells Fargo (WFC) and AbbVie (ABBV).

My first buy was 62 shares of Wells Fargo (WFC) at $47.98 per share. With that, WFC becomes the 23rd stock in my portfolio! This purchase added $111.60 to my forward annual dividend income. My second buy was adding on to a position I already have. Last week, I bought an additional 12 shares of AbbVie (ABBV) at $80.65 per share. This purchase added $51.36 to my forward yearly dividend income.

I had briefly considered CVS or WBA with my remaining cash stockpile (about $1000) after I made the WFC purchase. While those two companies are still high on my watchlist, I ended up going to with ABBV. I prefer to make larger purchases of $2K and upwards. With the WFC buy costing about $3K I decided I would rather use the remaining $1K to invest in a stock I already own. Overall, I am quite happy with my purchases.

In total, both these stock purchases combined added $162.96 to my yearly forward dividend income! My portfolio is now expected to generate $9,729 in forward dividends over the next 12 months. That means I am within $300 of crossing the $10K mark in forward annual dividends. This is feeling kind of like I am approaching the home stretch. This is getting really exciting, especially after I crossed the $1K per month mark last month. So, what do you think of my purchases? Make any recent buys? Let me know below!

8 Comments

  1. Dividend Diplomats

    MDD

    M A K I N G MOVES! Loving it, great yield and two monsters in their industries. Congrats!

    -Lanny

    Reply
    1. My Dividend Dynasty (Post author)

      Thanks Lanny! Looking forward to many years of dividends. 🙂

      Reply
  2. desidividend

    Nice additions,i am waiting to add ABBV. I already Have WFC,may add little more as now its good range to add.I added WFC 2 yrs ago.I have been adding CVS.

    Reply
    1. My Dividend Dynasty (Post author)

      Thanks Desidividend! CVS is still high on my watchlist and we will see where that goes. WFC dipped nicely which is why I bought the stock. I may consider adding to my position at some point. Thanks for your comment! 🙂

      Reply
  3. Norwegian guy

    Nice buys. Fellow abbv holde here. I recently added wrk (westrock) to my portfolio, but it looks like i may have been a bit early. Long term i belive in the company so no worries.

    Reply
    1. My Dividend Dynasty (Post author)

      Thanks Norwegian guy! That is interesting. I will have to look more into WRK, but it is great you have the long term mindset. That is the key to success! Thanks for stopping by! 🙂

      Reply
  4. dividendcompounder

    Fantastic purchases. Congratulations! A quality name for a good price. I recently bought a small stake in JPM. Would be very happy to add some extra stocks during market dips. Hopefully, WFC can now focus on its future instead of the scandal with fake accounts.

    Reply
    1. My Dividend Dynasty (Post author)

      Thanks Dividend Compounder!

      Reply

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