June 2023 Dividend Stock Purchases

As I'm writing this blog post, it is Saturday, July 1. It's hard to believe that 2023 is already half in the books! It certainly feels like July as well, with the high temperature expected to reach 84 degrees Fahrenheit today here in Central Wisconsin.

With June behind us, now would be a good time for me to highlight the (mostly) dividend stock purchases that I made during the month.

The first stock purchase that I executed in June was a share of Amazon (AMZN) at a price of $123.46. It has been nearly 15 months since my first purchase of AMZN stock in April 2022, but the investment thesis that I laid out remains intact in my opinion.

My other non-dividend stock purchase that I completed last month was another share of Alphabet (GOOGL) at a cost of $122.34. Just like AMZN, my initial investment thesis on GOOGL from my July 2022 Stock Purchases blog post from nearly a year ago looks to remain in place.

The first dividend stock purchase that I made in June was seven shares of W.P. Carey (WPC) at an average price per share of $70.60. Readers interested in my investment thesis for WPC can check out my Motley Fool article on the stock from last month. This dividend stock purchase boosted my net annual forward dividends by $29.876, which works out to a 6.05% net dividend yield.

My next dividend stock purchase that I executed last month was 16 units of Enterprise Products Partners (EPD) at an average cost per unit of $26.29. Curious readers can peruse my June 2023 Dividend Stock Watch List blog post for my investment thesis relating to EPD. This transaction added $31.36 in net annual forward distributions to my portfolio, which equates to a 7.46% distribution yield.

The third dividend stock purchase that I completed in June was two shares of General Dynamics (GD) at an average price per share of $213.63. Again, readers can take a look at my June 2023 Dividend Stock Watch List blog post linked above for the investment thesis on GD. This purchase lifted my net annual forward dividends by $10.56, which is equivalent to a 2.47% net dividend yield.

My next dividend stock purchase that I made last month was five shares of Medtronic (MDT) at an average cost per share of $87.36. As is the case with EPD and GD, readers can check out my June 2023 Dividend Stock Watch List for my investment thesis on MDT. This transaction boosted my net annual forward dividends by $13.80, which works out to a 3.16% dividend yield.

The fifth dividend stock purchase that I executed in June was three shares of American Tower (AMT) at an average price per share of $191.08. Interested readers can check out my investment thesis for AMT in this Motley Fool article from last month. This purchase added $18.84 in net annual forward dividends to my portfolio, which equates to a 3.29% net dividend yield.

My final dividend stock purchase completed last month was 13 shares of U.S. Bancorp (USB) at an average cost per share of $32.30. This transaction lifted my net annual forward dividends by $24.96, which is equivalent to a 5.95% dividend yield.

Concluding Thoughts:

I deployed $3,017.40 in capital to stock purchases for the month of June 2023. Considering the $129.396 in net annual forward dividends that these transactions added to my portfolio during the month, this works out to a 4.29% weighted average net dividend yield.

Along with $6.56 in extra net annual forward dividends from dividend increases for the month, my net annual forward dividends surged from approximately $3,830 heading into June to $3,970 at the start of July. God willing, I am on track to surpass $4,000 in net annual forward dividends this month. I don't know what else to say other than that I'm so blessed to have known about dividend growth investing from such an early age. God bless the USA and Happy 4th of July to all of my fellow American readers!

Discussion:

How was your capital deployment in the month of June 2023?

Did you begin any new positions for the month?

Thanks for reading and please feel free to comment below!