Wednesday, March 26, 2014
March 2014 Bonus Buy
Well it's still March but I couldn't resist making a new purchase (stocks are my comfort food). One of the benefits of working insane hours (up to 13's now) and graveyard shifts means they compensate well in return. This morning I decided to pull the trigger on 45 new shares of pipeline giant KMI (Kinder Morgan) at $31.89 per share. This was an investment of $1,435.05. KMI currently pays out $0.41 per share which works to increase my total yearly dividend by $73.80. This brings my forward yearly dividend from $497.49 up to $571.29.
This brings me one step closer to hitting my goal of $900 forward dividends by the end of the year. Right now, assuming a 3% interest rate on future investments this, would require an investment of $10,957 new dollars or $1,217.44 per month for the rest of the year. I am still hoping to write articles about PM, and KMI to further explain my purchases but for now I will be holding off until time becomes less constrained.
My portfolio has been updated to reflect this new purchase.
Disclosure: Long PM, KMI