In my personal investing account, GAIN paid their February dividend. I received $163.31. I used the Dividend Reinvestment Program, or DRIP, to automatically purchase 13.807 shares at $11.76 per share.
Since my last GAIN investment on January 31, 2018, the stock has increased from $10.991 to $11.76, or 7%.
Also in my personal investing account, LTC paid their February dividend. I received $18.83. I used the Dividend Reinvestment Program, or DRIP, to automatically purchase .4251 shares at $44.30 per share.
The table below displays all six transactions I’ve had with LTC. This stock has appreciated quite a bit since I first bought it in January of 2019 and that has definitely cut into my yield.
The DRIP column shows that on Jan 3, 2019, $4.75 a month cost me $1,012.92, but on Feb 28, 2019, $4.37 cost me $1,046.07. I can’t say I saw the 13% appreciation happening in such a short amount of time. I usually sell off gains after a stock has increased 15%-25%. However, I have never sold a stock short term, so I hope this stock stays around $40 or lower until I’ve owned it for over a year for taxation reasons.
I’m going to invest in this stock every other payday and use the DRIP until I have put $25,000 of cash in. It will be roughly 20 months before I’m done with this stock assuming I never get a raise (which is a pretty good assumption these days) and I don’t sell off another stock to invest in this one (like I did on February 12). I don’t have a “too high” price because I truly feel that assisted living will have a bright future.