Thursday, June 25, 2015

SHORT SUCCESS STORY FROM A DIVIDEND INVESTOR

An active comment writer on Seeking Alpha shared their brief story of success investing in companies with growing dividends.

Actually, having owned CL since 1991, the facts are:
Purchased 200 shares at $69.75
Original cost: $13,950.00
Stock split 2-1 in 1991, 2-1 in 1997, and 2-1 in 1999.
The 200 shares grew to 1600 shares.
Dividends reinvested added an additional 527 shares
Currently holding 2172 shares.
Current price $82.41
Current value $178994.52
Change in value: $165044.54
Cost Basis Per Share: $6.42
Current Dividend: .58 per share per quarter or $2.32 annually
Income from Cl holdings: $5039.04 annually or $419.92 per month.
Peace of Mind: Priceless
Just Sayin
This reminds me of the kind of success the early buyers of Walmart have had – without even counting reinvested dividends, an original investment in 1970 of 100 shares has grown to over 200,000 today, with an income of $292,000.

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