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First buy of the year: ABBV

Yesterday I did my first purchase of the year. While expenses are high in the end of December and the beginning of January, I was able to do a small purchase of AbVie (ABBV). I bought 3 shares at $62.75 a share. Including transaction fees the cost base will be $62.92.
ABBV pays $0.64 per quarter the yield on costs will be just over 4%, 4.07% to be exact.

Since ABBV will go ex dividend at January 11th, I will nicely pick up the dividend. Payout will be in Fruary. This buy increases my forward 12 month dividend with $7,68 before taxes. After taxes and at the current exchange rate this will be €6.28 bringing it to about €280.

Reacties

  1. Even i made my first purchase of 2017 same day as you except its VFC.
    I have seen ABBV popup few times in Dividend community.

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  2. Nice buy. I love buying stocks right before their Ex Date.

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  3. Nice pick up. ABBV is one of my larger positions in my portfolio with plans to keep this name for the foreseeable future. A lot to like about this stock long term.

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  4. So you get a 1.92 dollar dividend minus taxes in February. Woo-hoo way to go! Buy a candy bar or something.. Or go to work if you're older than you seem to be.

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