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Recent Stock Purchase January 2023

PUBLISHED Feb 13, 2023, 8:01:06 AM        SHARE

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It has been a very, very long time since I made two or more separate tranches of buys in a single month but sometimes the market has a flash sale and adding more shares is just too tempting to pass up. Again, in the short term everyone is simply making a guess as to where the market is going. It is literally impossible to predict day to day events but when having a longer term horizon your chances of “knowing” the future becomes a little clearer and you realize that buying and selling at the bottoms and tops is simply impossible to capture. Of course, this is why we dollar cost average into our positions buying up shares of quality companies that are beaten down and taking advantage of higher yields at the same time.

I forgot to publish one of my small December 2022 buys so I’ll list it here. Kind of sticking to my January stock considerations list I did add Verizon Communications Inc. (VZ) and some **Altria Group, Inc. (MO) along with another stock that I haven’t bought in a long time. With that being said:

Date Symbol Description Quantity Amount
01/19/2023 LYB LYONDELLBASELL INDS 5.5733 -$499.99
01/18/2023 MO ALTRIA GROUP INC 6.8971 -$300.00
01/18/2023 VZ VERIZON COMMUNICATN 7.5232 -$300.00
01/17/2023 VZ VERIZON COMMUNICATN 10 -$410.07
01/17/2023 LYB LYONDELLBASELL INDS 2.7298 -$250.00
01/17/2023 VZ VERIZON COMMUNICATN 6.0802 -$250.00
12/14/2022 VZ VERIZON COMMUNICATN 13.3904 -$500.00
Total $2,510.06

**LyondellBasell Industries N.V. (LYB)**s the “new” stock I haven’t bought in a long time. Frankly, I wouldn’t mind adding more to this name as it appears to be fairly valued. The juicy yield well north of 5% appears to be safe with a low payout ratio of about 38%. We’ll see how this stock does in the coming weeks.

As you can see this month I put a much larger amount of cash to work compared to previous months ending 2022. In all, about $2,500 of fresh capital was put to work in my dividend growth portfolio. What stocks are you buying in the new year? Please let me know below.

Disclosure: Long VZ, MO, LYB

Related Posts:

  1. January 2023 Stock Considerations
  2. Recent Stock Purchase October 2022
  3. Recent Stock Purchase II April 2022
  4. Recent Stock Purchase November 2022
Originally Posted in The Dividend Hut

LYB, Buy

LyondellBasell I...
Return: 5.28%


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