Recent addition: Kimberly-Clark
On monday the 23th of April I decided to put my received dividends combined with a bit of fresh cash to work. I decided to buy 6 new shares of a company I already owned which has seen some recent weakness. This weakness, to me, seems like it was because of a sell-off in the entire Consumer Defensive sector. Nothing fundamentally changed in my view.
KMB is a great company active in the consumer and professional workspace, they make cleaning products and also tissues like Kleenex. It’s a very stable business with a very stable growing dividend, they’ve raised it for 43 years straight.
In total I now have 12 shares, it made KMB my 4th smallest position (only Pepsico, Gilead Sciences and General Mills are smaller positions), it’s approximately 4,45% of my portfolio. This acquisition gives me another $20,40 of yearly net dividends. Making for a total of $40,80 yearly from my KMB position.
New yearly projected net dividends:
Due to the recent weakness in the entire sector I had a hard time deciding which position to add to, there are many great names in fair price territory right now and they are all very good long term buys.
Coming months I have to save more than invest, so I don’t see myself taking advantage of these opportunities unfortunately.
What buys have you made in these volatile times?