Recent Buy for June 7th

Good Morning,

I wanted to let you know that I added to an existing position today. I acquired shares in a pharmaceutical company, which has managed to increase dividends for 12 years in a row. The stock sells for 15.70 times forward earnings and yields 2.65%. I've been slowly building out my position in it over the past few months.

Over the past 5 years, the company has managed to grow annualized dividends at 8%/year. I would love to build a position in the stock this year, subject to valuation and availability of capital. I would love to be able to accumulate more on dips this year.

I plan to make a few more investments later this week or sometime early next week. Afterwards, I should try and compile the Dividend Growth Investor Newsletter for June 2023.