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Tuesday, May 7, 2019

Recent Buy WFC

Today I purchased 5 shares of WFC at 47.94 per share for a total of 239.70. I had been long looking at Wells Fargo. And today I had a chance to lower my cost basis and pickup a banking giant with 7 years of dividend growth a 3.82% yield and only a 39.4 percent payout ratio. WFC is down 20.76 off its 52 week high. 12 of 30 Financial analysts currently rate WFC as a buy or strong buy. Sure the company the company isn't without risk. It has a lot of mortgage exposure and is recovering from scandals. The company is also without a CEO. But overall their financials are solid. The current value mitigates the risk. I'm very happy with this purchase at the price I got it at. My forward dividends are now $365.46. Slowly but surely this is starting to turn into real money.

Disclaimer

Material presented on 'Dividend Seedling' is for informational and entertainment purposes only and is the opinion of the author (a social studies teacher and not a financial advisor). None of the information should be relied on or taken as investing advice or a recommendation to invest. None of the information or opinions expressed, constitutes a solicitation of the purchase or sale of any security or investment of any kind. Please do your own research before making any investments. Do not making any purchases unless you are prepared to lose your entire investment.

Disclosure Long WFC.

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