September 2024 Dividend Stock Purchases

As I’m writing this blog post, it is currently Thursday, September 26^th. The weekend is going to see highs in the mid 70 degrees Fahrenheit. So, we’re seeing a cooling trend here in Central Wisconsin. That’s decent weather for this time of the year, though.

Since the month of September is just about complete, I’ll be detailing my dividend stock purchases for the month. Without further ado, let’s dig into it.

Dividend Stock Purchase #1: Enbridge (ENB)

The first dividend stock purchase that I made during the month was 25 shares of Enbridge at an average price of $40.57 a share. This boosted my net annual forward dividends by $67, which is equivalent to a 6.61% net dividend yield.

Interested readers can find the gist of my investment thesis in my September 2024 Dividend Stock Watch List blog post.

Dividend Stock Purchase #2: Alphabet (GOOGL)

My next dividend stock purchase completed in September was four shares of Alphabet at an average cost per share of $153.84. That increased my portfolio’s net annual forward dividends by $3.20, which works out to a 0.52% net dividend yield.

Curious readers can peruse the September 2024 Dividend Stock Watch List blog post linked above for my investment thesis.

Dividend Stock Purchase #3: Meta Platforms (META)

The third and final dividend stock purchase that I executed for the month was a share of Meta Platforms at $506.11. As a result, my net annual forward dividends edged $2 higher. This equates to a net dividend yield of 0.40%.

Intrigued readers can also uncover my investment thesis in the September 2024 Dividend Stock Watch List blog post.

Concluding Thoughts:

In September, I put $2,135.70 in capital to work. Against the $72.20 in net annual forward dividends added from these buys, this is a weighted average net dividend yield of 3.38%.

My net annual forward dividends also increased by $22.378 from the nine dividend increases that I received in September 2024. This helped my net annual forward dividends rise from about $4,945 heading into the month to approximately $5,040 going into October.

Discussion:

How was your capital deployment during the month?

Did you open any new positions/close any positions in September 2024?

Thank you for reading and please leave your comments below!