Portfolio update May 2014

Philip_Morris_International_Logo_svg

Today i conducted two transactions for the dividend machine :

First i added a new holding  to the machine : 16  Philip Morris (PM) for $1407,64

Besides 40 shares of the Prospect Capital Corporation (PSEC) were bought for $421,54.

 

The main motivation for buying PM was derived from these two excellent articles:

http://seekingalpha.com/article/2237573-philip-morris-is-it-time-to-buy
http://www.dividendmantra.com/2014/05/if-i-were-starting-all-over-again

And I did not own any tobacco stock before today. So adding PM will bring me additional diversification as well.

Dividend

The impact on the dividends in 2014 will be :

PM is expected to pay two quarters. The current dividend is $0,94 gross per share. So, this will roughly mean an additional $25,57 net dividend. And PM is likely to increase its dividend later this year.

The 40 additional PSEC shares will add a net $26,28 this year.

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