Friday, June 7, 2019

Recent Buy, June 2019

Tired Gremlin here to discuss a recent buy.  Little Gremlin has recently gotten sick, so I have gotten less sleep this past week.  Luckily, it looks like the illness is just about over.  Oh well what can you do?  Today the Woman's World Cup starts, and as much as I would like to see the USA win, I don't think it will be as likely as the last go around of the tournament.  There are several teams that could win, and the favorites are also the host - France.  Still good luck to the USA and all the other teams!  Anyways... what did I buy?

Earlier this week, I added shares of Leggett and Platt (LEG) in my taxable account.  I bought 30 shares, with a total cost of $1,113.95 ($36.90 / share, plus commission).  The current yield is 4.81%. For a detailed summary of their history, etc. please visit: LEG's Seeking Alpha Profile.

I already have LEG in my Roth account, so this is not a new position overall.  I liked LEG when I first bought it, and I really like it now.  This is a dividend aristocrat with nearly 50 years of raises under its belt.  The company's leadership has been very prudent to get to this point, and I see it continuing at around 3-5% average annual increases - always ahead of inflation.

This purchase will add $48 to my forward 12 month dividend income.

I will update my portfolio page at the end of the month.

What do you think of LEG?

- Gremlin
- Long LEG
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6 comments:

  1. Dividend DiplomatsJune 10, 2019 at 7:33 PM

    LEG - one of my favorite holdings Gremlin. I have a large position now. I'm excited to share this position and enjoy the peaks of this investment with you!

    Bert

    ReplyDelete
    Replies
    1. Dividend GremlinJune 11, 2019 at 5:17 AM

      Bert,

      Great to hear from you. LEG should do us all well, or should a body good (let those dad jokes fly).

      - Gremlin

      Delete
    2. Dividend DiplomatsJune 12, 2019 at 7:09 PM

      haha I love the dad joke Gremlin! The Star Wars reference is from Return of the Jedi. The Gremlin always makes me think of the rat that was with Jabba the Hut.

      I also didn't realize it had a name haha This was the first page that came up when I searched. https://www.starwars.com/databank/salacious-crumb

      Delete
    3. Dividend GremlinJune 13, 2019 at 6:15 AM

      I knew it! What a great name though.

      Delete
  2. DivHutJune 11, 2019 at 11:43 AM

    Between you and the Diplomats I have been reading up on LEG and could potentially add it to my portfolio sooner than later. A low growth but super steady dividend stock with a pretty attractive yield is something anyone in the DGI space would like to have. Nice pick up.

    ReplyDelete
    Replies
    1. Dividend GremlinJune 11, 2019 at 1:39 PM

      Keith,

      Thanks for commenting. LEG is a steady stock indeed, one that will reward you for a long time.

      - Gremlin

      Delete

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