It’s been about a month since my last buy, dividends kept coming in and I managed to scrape some additional fresh capital together to initiate a position in Gilead. This biotech company is trading very closely to its 52 week low, it has a yield of 2.19 percent and a very low payout ratio of around 15 percent as it’s trading at a P/E of just 7.36
I picked up 10 GILD shares. After taxes this adds $11.66 in yearly dividend income, bringing my 12-month forward looking dividend projection to 1257.47EUR at today’s currency exchange rates. I’m in the early stages of writing a more detailed article about this company, perhaps it will be online next week.