Earlier this month, I learned how to roll my old 403b into a rollover IRA and use that capital to pick up some dividend growth stocks. I’ll have to write a post in the future on what I did with the cash. I’ve invested a little over half of it in different stocks and am slowly putting the rest of the capital to work.
Today I picked up 13 shares of Caterpillar (CAT) at $80.24/share. My yield on cost (YOC) is at 3.46% and adds $36.40 to my yearly dividend income.
Next week I am looking at probably adding a duck (AFL) to my stable, especially with their solid dividend growth (16.8% 10-yr DGR!), low payout ratio (24%), and low P/E ratio (9.56).
Let me know what you think!!
Disclosure: Long CAT