New Buy LEG

03 Mar 2018 12:37
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Picked up one of the holdings on my watch list and further capitalized on the selloff of anything steel or aluminum related thanks to President Trump's hint at a tariff or reciprocal tax. It was hard to let Leggett & Platt (LEG) slip by so I grabbed some shares at $42.10, not quite the bottom of the day but close enough.

LEG has paid dividends for 46 years straight and with a 10 year dividend growth rate of 7.2% and dividend yield of 3.4% it fit perfectly into my income & growth profile range of 3.5% yield with min 6.7% growth.

I still have a buy order in for Brinker (EAT) but the price went in the opposite direction and climbed to $35.96. I am assuming once the ex-dividend date passes the price will drop and I can get the order filled.

After LEG & EAT I'm tapped out until the end of the month when I add more cash and receive more dividends. Next targets for a buy appear to be ABBV and/or IBM if the price drops back below $154.

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