February 2022 Dividend Stock Purchases

As I'm writing this blog post, it's already March. Over the next few days, temperatures are going to be topping out in the low-30 degrees Fahrenheit here in Central Wisconsin. It won't be long and the snow will finally be melted!

With February nearly a week behind us at this point, I will go over my dividend stock purchases for February 2022.

While I own a fractional share of Duke Energy (DUK) in my M1 Finance portfolio, DUK was the first stock that I purchased whole shares in to start February. 

All together, I acquired six shares of the stock at an average cost of $103.00 per share within my Robinhood account. As I explained in my February 2022 Dividend Stock Watch List, I liked DUK for its high dividend yield, reasonable value, and decent financial condition.

My net annual forward dividends were boosted by $23.64 due to my purchase activity, which works out to a weighted average net dividend yield of 3.83%.

I also opened a 10 share stake in Coca-Cola (KO) at an average cost of $61.08 per share in my Robinhood portfolio. As I discussed in the post that I linked to above, KO is a rationally valued Dividend King with solid earnings growth potential. 

My net annual forward dividends increased by $16.80 as a result of my purchases within my Robinhood account (prior to the dividend increase announced on the same day I purchased the stock), which equates to a 2.79% weighted average net dividend yield.

The third stock that I started a two share position in was Mastercard (MA) at an average cost of $375.22 a share within my Robinhood account. As I alluded to in the post above, I am bullish toward MA because of its tremendous growth prospects and sensible valuation.

My net annual forward dividends edged $3.92 higher due to my purchase activity, which is equivalent to a weighted average net dividend yield of 0.52%.

I added three shares to my stake in STORE Capital (STOR) at an average cost of $30.62 a share in my Robinhood and Webull portfolios. My net annual forward dividends increased by $4.62 as a result of my purchases, which works out to a 5.03% weighted average net dividend yield.

I also upped my position in T. Rowe Price Group (TROW) by two shares at an average cost of $149.08 a share within my Robinhood account. For those interested in my buying rationale, my recent Motley Fool article sums it up pretty well.

My net annual forward dividends were boosted by $9.12 due to my purchase activity (because I purchased one share before the dividend increase and one share after the dividend increase; and I account for the share purchased before the dividend increase in my expected dividend increases post linked above), which equates to a 3.06% weighted average net dividend yield.

I also added 13 shares of Kinder Morgan (KMI) to my portfolio at an average cost of $17.52 a share in my Robinhood portfolio. My net annual forward dividends were boosted by $14.43, which is equivalent to a weighted average net yield of 6.34%.

I increased my position in Medical Properties Trust (MPW) by nine shares at an average cost of $21.79 a share within my Robinhood account. My net annual forward dividends surged $10.08 higher, which works out to a 5.14% weighted average net dividend yield.

Finally, I added one share of United Parcel Service (UPS) to my Robinhood portfolio. Since this purchase was after UPS's dividend increase, my net annual forward dividends edged $6.08 higher. This equates to a weighted average net yield of 2.69%.

Concluding Thoughts:

I deployed $3,018.73 in capital during February 2022, which helped my portfolio to add $88.69 in net annual forward dividends. This is equivalent to a 2.94% weighted average net dividend yield.

My net annual forward dividends also increased by $2.47 due to dividend increases announced in February 2022. Combining my capital deployment and dividend announcements during the month, my net annual forward dividends were just under $2,490 heading into March 2022.

Discussion:

How was your February 2022 for dividend stock purchases and capital deployment?

Did you start any new whole share positions during the month like I did with DUK, MA, and KO?

As usual, I thank you for your readership and welcome your comments in the comment section below!