Today I bought 10 shares Alibaba (BABA) at a price of $139,86 including fees. Alibaba is not a typical stock for me to buy as dividend growth investor. This is because Alibaba is not paying out any dividend at all. Together with Amazon, Alphabet, Facebook, Baidu and Wizzair it’s in the part of my portfolio with companies not paying dividend.
Alibaba is today down almost 6% and the share price is around the 52 weeks low. The share price of Alibaba is down 35% down from the 52 weeks high reached in June.
Alibaba is for some time on my watch list and I decided to pull the trigger today after a sharp downturn of tech shares. With this purchase I now own all 3 BAT stocks: Baidu, Alibaba, Tencent.