Tuesday, July 03, 2012
Added Tronox to Dividend Portfolio
Tronox Authorizes Stock Repurchase, Regular Quarterly Dividend And 5-For-1 Stock Split
The dividend is $1.25 per share quarterly, which works out to $5 per year. Given a stock price of $120, that is a decent 4.2% yield. I thought the fair thing was to add them at the price on Monday. I am pretty excited about the company, they just moved to the NYSE, moved off-shore and have made a major purchase giving them vertical integration. The stock split may help a bit as well, people would just rather buy a $25 stock that a $125 stock.
Things continue to fare well for my portfolio. The marvelous thing about having a portfolio of about 03 dividend paying stocks is that I am collecting dividends virtually every week. On Monday CSCO went x dividend and today JPM went x dividend. My JPM purchase is now in the black, so while I didn't buy them at they very bottom, my entry point (around $35) looks decent.
Have a great Independence Day everyone!