Hello readers, this is the second post today.
Recently I revisited the all portfolio companies in my portfolio and GPC came to my notice as it represented only 0.4% of my portfolio as value.
GPC is one of the Dividend King and it has raised its dividend in the 61th year in a row. I checked out its latest yield which was 3.1%. Why not?
On July 10th I added 20 shares of GPC at the average cost per share $85.5 plus $1 trading commission. As a result,
- # of shares 20 -> 40
- YOC 3.2% (no change)
- Average cost per share $83.45 -> $84.5
- Annual gross dividends $54 -> $108
I calculated GPC’s 9 year DAGR and it was 6.3%, not spectacular, but not bad at all.
Disclosure : Long GPC