After Target Corporation (TGT) presented their 2016 financial figures and the 2017 financial outlook, share price dropped significantly premarket. TGT closed on monday at $66.51 and was going around $58 premarket.
I placed a buy order for $57.50 a share for 5 shares. I didn't have too much cash lying around because of a €12k extra mortgage payment that is due for today.
When the markets opened the order was executed immediately at a share price of $57.43 a share, so now I own 5 extra shares of TGT and 15 in total.
Including transaction fees this buy costed €271.63 or €54.33 a share. My cost base for TGT dropped from €61.90 to €59.38.
The yield on cost (YOC) is now 3.8%. And after taxes this buy increases my net annual dividend income with €9.62 to almost €360.