I've had my eye on the stock for a very long time and it was about time that it made it's way in. What I really like about Target is that they are a progressive company that has shown a consistently impressive track record of paying dividends and simply operating at a surplus. Those are two of the most important things that can be had in a company when I'm looking for one to add to the books. If a company continues to bring in more business or make more money off of existing business while still staying in a positive light, that company is a great buy in my book.
Let's review the final purchase:
Purchased 15 shares @ 68.38/share
Total Purchase: $1,035.76
Total Additional Annual Dividend: $36
New Total Project Annual Dividends: $415.42
All and all, I'm very happy with this purchase. The price was as close to the 52 week low that it has gotten in a little while during times where I've had the chance to invest in it. It will help the Dividend Scythe reap that much more which will in turn propel the new acquisitions that much further.