Bought more shares of HD
I entered an order to buy 25 more shares of Home Depot and then I went and made banana bread, did a load of laundry, moved tree branches to the street for yard waste pickup and did some financial work for my brother-in-law and my mother-in-law. I was pleased to see the 25 shares of HD were delivered to me while I was away from my computer and ignoring my iPhone.
Show me the Money
As a dividend growth investor, I want to see a good 5-year track record of dividend increases. The payout ratio has to be sensible and the business should be one with the potential for continuing growth. HD meets my requirements.
What I do when others sell because of short-term News
Of course, I don’t buy if the reason others are selling is based on sound, long-term thinking and logic based on data. But I looked at my requirements and decided a sell-off today would be an opportunity for a long-term strategy.