Friday, January 10, 2014

FRIP Purchase

I added more shares to my position of Kinder Morgan Inc. (KMI) and American Realty Capital Properties Inc. (ARCP)

1 Share @ $35.90 of KMI
1 Share @ $13.00 of ARCP


This increases my forward 12-month dividend income by $2.60 to a total of $1,120.44

I also updated my portfolio page to reflect the change.


What are you buying with your dividends?

4 comments:

  1. MartinJanuary 12, 2014 at 2:32 PM

    I love FRIP because you can buy a single share for free. Great wealth building tool. Good stocks.

    ReplyDelete
  2. Wayne HansenJanuary 13, 2014 at 10:02 AM

    I didn't realize what FRIP meant until reading Martin's comment (guess I should have just googled it before now).

    That is a really cool feature. I sure wish it was available at one of my brokerages!

    ReplyDelete
    Replies
    1. FFdividendJanuary 14, 2014 at 1:15 PM

      Dividend Cave,

      FRIP is a great way to build up the dividends and to buy a company that you think is undervalue. I love using it.

      thanks for visiting.

      Delete

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