With my sale of WDR and no new buys in nearly three months, I’ve built up quite a cash reserve for future stock buying opportunities. This month I decided to make three stock buys.
On November 1st, I bought an additional 100 shares of First Trust Specialty Finance (NYSE:FGB) for $6.59 per share, which will add $17.50 in dividend income every quarter. FGB is near its 52-week low, so it seemed like a good time to further invest in this ETF stock.
On November 3rd, I bought 100 more shares of Alpine Global Premier Properties Fund (NYSE:AWP) for $6.50 per share, which will add $5.00 every month to my total dividend income.
Finally, on November 7th I bought 225 shares of Omega Healthcare Investors Inc (NYSE:OHI) at $28.00 per share. With a quarterly dividend of $0.65 per share, income from OHI will by $146.25 every quarter for an annual dividend yield of 9.29%. Nice! I should also note that OHI is my first venture into Dividend Aristocrat stocks, so I hope OHI proves to be a good investment choice and will be the first of many future dividend growth stock buys.
In total, these three new buys will raise my projected monthly dividend income by $13.48. That’s not much, but it does represent positive growth in passive income.
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