Recent Buy - General Mills, Inc. (GIS)

On Tuesday March 21, I bought 20 shares of General Mills, Inc. at $ 58.46 per share plus commission.

Tuesday morning, General Mills reported fiscal 2017 third-quarter results, which was a small disappointment in the market, and I decided to put in the bid. My offer already went through on Pre-Market and, therefore, I grabbed a few more shares of GIS. 

My overall cost basis of this position decreases from $ 59.70 to $ 59.21 per share. I totally hold now 40 shares of GIS and my yield on cost is 3.24%. You can look at my first purchase of GIS here.



Details of my purchase: 

  

With current quarterly dividend ($ 0.48), my last purchase 20 shares of GIS increases € 26.54 ($ 28.61) of expected annual net dividend income. At today's exchange rate, this purchase will increase my portfolio projected annual net dividend income approximately to € 10,810.00. After this acquisition, GIS's weight of my portfolio is about 0.59% and its share of future annual dividend income is approximately 0.49%. I hope that the markets will decline and GIS as well. If and when that happens, I am planning to add GIS's share of my portfolio.

Click here to see my portfolio.

Full Disclosure: Long GIS

Thanks for stopping by!

 

Tweet