Dow Chemical (DOW): Dividend-Reinvestment

Dow Chemical (DOW) paid out its quarterly dividend of $0.70 per share on Friday, September 11, 2020, an annual yield of 5.62% as of Friday’s $49.85 closing price, beating the pants off the nonexistent yields of money market funds.

The payout lowered my position’s per-share cost -1.52% from $38.80 to $38.21.

As always, whenever I have an eligible position, I elect to enroll it in a Dividend Reinvestment Program (DRiP) to have dividends paid out in shares of stock rather than cash so I can “set-it-and-forget-it,” having my portfolio automatically reinvest for long-term compounded gains instead of having cash sitting in an account potentially accruing nothing at all. 

IBM (IBM): Dividend-Reinvestment

IBM (IBM) paid out its quarterly dividend of $1.63 per share on Friday, September 11, 2020, an annual yield of 5.37% as of Friday’s $121.46 closing price, an excellent yield comparative to anything out there available from banks or bonds.

The payout lowered my position’s per-share cost -1.31% from $72.57 to $71.62.

Just like Dow Chemical (DOW) above, my IBM position is enrolled in a DRiP to reinvest the dividends as stock.

Nike (NKE): Profit-Taking

Nike (NKE) has been an unstoppable train of a stock for weeks now, making new all-time high after new all-time high. On Monday, I decided to stop pushing my luck by taking some profits with a sell order that filled at $119.07.

The sale locked in +84.06% in gains on shares I bought for $64.69 on March 16. The sale also lowered my per-share “cost” from -$25.14 to -$30.00 meaning that each share I hold cost me nothing plus it adds $30.00 to my portfolio’s net profits.

My next buy target is $85.30 and my next sell target is $166-$167 where Nike will be nearing a full target allocation in my portfolio.

NKE closed the week at $114.66, down -3.70% from where I sold Monday.