The wait had been long!! I've always wanted to own a piece of this well run company. Finally, on 3rd March, the stock was down 8.1% and I swooped in to open a new position.
The company beat by $0.03, missed on revenue and the same-store sales growth guidance for FY2016 indicated a deceleration as compared to previous year's pace. I had missed out on previous occasions, not this time!! This is a well-run company and has potential to grow for multiple years.
I purchased 35 shares of The Kroger Co (KR: NYSE) on 3/03/16 for $37.408 per share. This is a new position in my Roth IRA.
I buy 40-50% of my grocery from Kroger. Love the deli, veggies and fruits, dairy, meat/fish and ice-creams. The 'Simple Truth' organic brand is pulling in a lot of revenue for KR. Now the next time I enter Kroger to shop, I've made a mental note to remind myself that I own a small fraction of this company as well.
The dividend yield is small but the payout ratio < 20%. This indicates that the company has tremendous potential to grow the dividend. I'm betting that Kroger's share price would grow at a greater clip as compared to other dividend plays.
Dividend Yield = 1.12%
Annual Payout = $0.42
Payout Ratio = 18.8%
Dividend Growth = 7 years
52 Week High = 12/30/2015| 42.75
% Off 52 Week High = -12.5%
Beta (5 Yr) = 0.8
Payable = $0.105- QRTR
Transaction fees = $7
This purchase adds $14.70 to my annual dividend income, based on the current $0.105 quarterly dividend.
My dividend stock portfolio will pay $1015.89 in dividends over the next 12 months.
The company beat by $0.03, missed on revenue and the same-store sales growth guidance for FY2016 indicated a deceleration as compared to previous year's pace. I had missed out on previous occasions, not this time!! This is a well-run company and has potential to grow for multiple years.
I purchased 35 shares of The Kroger Co (KR: NYSE) on 3/03/16 for $37.408 per share. This is a new position in my Roth IRA.
I buy 40-50% of my grocery from Kroger. Love the deli, veggies and fruits, dairy, meat/fish and ice-creams. The 'Simple Truth' organic brand is pulling in a lot of revenue for KR. Now the next time I enter Kroger to shop, I've made a mental note to remind myself that I own a small fraction of this company as well.
The dividend yield is small but the payout ratio < 20%. This indicates that the company has tremendous potential to grow the dividend. I'm betting that Kroger's share price would grow at a greater clip as compared to other dividend plays.
Dividend Yield = 1.12%
Annual Payout = $0.42
Payout Ratio = 18.8%
Dividend Growth = 7 years
52 Week High = 12/30/2015| 42.75
% Off 52 Week High = -12.5%
Beta (5 Yr) = 0.8
Payable = $0.105- QRTR
Transaction fees = $7
This purchase adds $14.70 to my annual dividend income, based on the current $0.105 quarterly dividend.
My dividend stock portfolio will pay $1015.89 in dividends over the next 12 months.