I’ve made almost two hundred dollars since the end of April, and have bought 3 more shares of British American Tobacco with some of the profit. With these two shares my total cost is $271.27 and average price per share is $30.14. This now puts me at a total where the dividends I will receive each year moving forward are more than I started with two years ago. I’m going to wait to do the full months update for all the buy and sales in the inventory at the end of the month, but I feel like I’ve reached a mini milestone in my changejarflip experiment at this point.
As well, Verizon paid a dividend and I now have more shares from the reinvestment of what I received. I got .017 more shares on the first lot I had, and .016 on the other three shares I had each.
The dividend amount I will receive a year moving forward sits at:
Verizon- $10.91
Altria- $3.92
British American Tobacco- $26.75
Total- $41.58
I expect this amount to be over $45 if all I do is reinvest the dividends by this time next year. The average yield on the amount I have invested is 8.44%. Reinvesting at this amount with no increases in the dividend amounts by any of the companies will get me to $45.
My next goal is to get to $100 a year in dividends. I don’t plan on selling any of the stocks at this time I currently own.
| Stocks | ||||
| *1.052 Share – Verizon | $34.43 | 9/29/23, Div Dates | $7.33 | |
| *1.016 Share Verizon | $39.57 | 1/18/24, Div Dates | $.81 | |
| *1.016 Share Verizon | $41.53 | 2/23/24, Div Dates | $-1.15 | |
| *1.016 Share Verizon | $40.69 | 2/28/24, Div Dates | $-.31 | |
| *1 Share Altria | $41.92 | 4/8/24 | $4.41 | |
| *9 Shares British American Tobacco | $271.27 $30.14 P/S | 4/23/24-5/21/24 | $11.96 | |
| Total stock amount | $492.46 |