Last week I bought 10 more shares of AbbVie at a price of $67,77. After AbbVie announced the purchase of Allergan, the stock price tanked as a result of the premium paid for the takeover.
I decided to add 10 more stocks AbbVie to my portfolio. As a result of this purchase I now own 45 shares AbbVie.
By making this purchase my average purchase price of AbbVie stocks declined from $82,84 to $79,50.
As a result of buying 10 more shares my yearly estimated dividend income will increase by $42,80. Based on the new average purchase price the new yield on cost for me is 5,38%.
ABBV is the hot stock in the community right now! Nice job adding after the price fell post-acquisition announcement.
Bert