Monday, October 7, 2013

Trade - Buy

I open a new position with Chevron Corporation (CVX)

10 shares @ $117.60


This will give me and increase of $40 to my annual dividend income. I now have a 12-month forward dividend of $874.72.


The RSI is 28.74 which means it is oversold at this time. This was one of the reasons why I decided to open a position with CVX today.




I also updated my Portfolio and Watchlist to reflect the changes.


Here are some great analysis of the company and some fair value.

Dividends4Life @ Seeking Alpha fair value of $145.87

Achilles Research @ Seeking Alpha fair value of $108.68

MarketWatch gives it a fair value of $133.06

MorningStar gives it a 3 star for a fair value of $125.00


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4 comments:

  1. AnonymousOctober 8, 2013 at 10:35 PM

    CVX -
    I think it is a solid pick up to forget about for 20 years.
    I bought 10 shares as well on the 7th for my regular IRA and also got 15 shares of XOM for my taxable account.

    nice portfolio - best regards!

    ReplyDelete
    Replies
    1. FFDividendOctober 9, 2013 at 8:30 AM

      Great Stuff. You can't go wrong with either company. Thank you for stoping by and leaving a comment.

      good luck to you. :)

      Delete
  2. Your FriendNovember 17, 2013 at 8:25 AM

    Just found your site Interesting, I would consider reducing the IBM shares,, seems to be on the way down for now?

    ReplyDelete
    Replies
    1. FFdividendNovember 17, 2013 at 9:50 AM

      Your Friend,

      Thanks for spending your time on my site.

      I won't be reducing my shares of IBM. As long as they grow there dividends and keep paying it out, I will still hold on to it.

      Delete

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