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