October 2024 Stock Purchases

As I'm writing this blog post on Friday, October 25th, it's expected to reach a high of 62 degrees Fahrenheit later today. If that wasn't enough, it's also going to be sunny throughout the day. For late-October, this is excellent weather for Central Wisconsin. Not surprisingly, that's why I plan on getting outside for at least an hour or two today.

Now that we're in the last week of October, I'm probably done buying stocks for the month. So, that makes today the perfect time to highlight my stock purchases for October 2024.

Stock Purchase #1: Amazon (AMZN)

The first stock purchase that I executed in October was three shares of Amazon at an average cost per share of $184.53. Curious readers can check out my basic investment thesis for AMZN in my October 2024 Stock Watch List post.

Stock Purchase #2: Enterprise Products Partners (EPD)

My second stock purchase completed during the month was 34 units of Enterprise Products Partners at an average price of $29.27 a unit. This boosted my net annual forward distributions by $71.40, which equates to a 7.18% distribution yield.

Readers can peruse my investment thesis for EPD in the October 2024 Stock Watch List post linked above.

Stock Purchase #3: Visa (V)

The next stock purchase that I carried out in October was two shares of Visa at $277.47 apiece. That transaction increased my net annual forward dividends by $4.16, which works out to a 0.75% net dividend yield.

Again, interested readers can find my investment thesis for V in my October 2024 Stock Watch List post.

Bonus Stock Purchase: Enbridge (ENB)

I had some dividend payments that accumulated in my IRA. So, I put those funds to work and purchased two shares of Enbridge at an average cost per share of $40.61. This lifted my net annual forward dividends by $5.36, which is equivalent to a 6.6% dividend yield.

Readers can examine my investment thesis for ENB in my September 2024 Dividend Stock Watch List post.

Concluding Thoughts:

In October, I deployed $2,184.75 in capital. These buys helped my net annual forward dividends jump by $80.92, which is a 3.70% weighted average net dividend yield.

My net annual forward dividends also rose by $34.092 from the 10 dividend increases that I received during the month. This pushed my net annual forward dividends from around $5,040 going into the month to over $5,155 exiting the month.

Discussion:

How was your capital deployment in October 2024?

Did you start any new positions during the month?

I appreciate your readership and welcome your comments below!