Given the recent sharp downturn in the market, I decided to deploy some more money into dividend stocks this month.
The first stock I purchased was DNB. One of the Norway’s biggest banks. I actually averaged down in this one, as I already had a position in it from earlier. I have also been a customer in DNB since I was a teenager. Their yield right now is a crazy high 6.5%.
The second stock I purchased was Leggett & Platt. (LEG). They are probably most known (if at all) for bedding products, but it’s not a company I bought because I know them well and am familiar with their products. Rather for their reputation of a stable dividend and quite an attractive starting yield at the moment.
The third stock I bought was Disney (DIS). They have a much lower yield, but a much more attractive company profile. I’ve wanted to start a position in Disney for a long time, and I took the opportunity now. They only pay out twice a year, but I don’t mind too much. I am starting to average six payouts each month.
As the last week of February and first weeks of March have seen plummeting stock prices, there is a lot of fear going around. As for me, I find it hardest to control my excitement at the prospect of discounted stocks. I aim to keep my emotions in check when investing, so I have to breathe deep and keep calm.