What a quiet month!! I was setting money aside for my Roth IRA purchases. I also fronted some of my own money for reimbursable work expenses. Here’s what I came out with in March 2017.
I am writing this looking back from September 2017.
1 share of ADM (Archer Daniels Midland Company) @ $44.37/share ($44.37)
I had ADM on my watchlist and accumulated enough dividend income to buy a share as a sort of bookmark for later. I have a good feeling about ADM. It’s a 3% yield, but only 50% payout ratio (as of Sept 2017). I’ll want to add more to ADM later. As the world population continues to grow, we are going to need more food. ADM will continue to benefit from that.
1 share of HRL (Hormel Foods Corp) @ $34.80/share ($34.80)
A few more dividend payments rolled in and I was eager to make them earn me money as fast as possible. I went back to an earlier purchase. HRL seems poised for big growth in developing countries, and is also positioned well for the growing protein diet movement. HRL also has one of the lowest share prices for what I consider a strong company, and that lets me buy single shares as soon as my dividend payments add up to enough.