Recent Buys: OMC, EMN, TSN, RGA

I bought 30 shares of Omnicom Group Inc. (OMC) for an average price of $51

What does this company do?

Omnicom Group Inc. is an American global media, marketing and corporate communications holding company, headquartered in New York City. It is one of the largest advertising agencies in the world. Omnicom’s branded networks and specialty firms provide services in four disciplines: advertising, customer relationship management (CRM), public relations and specialty services. The services included in these disciplines are media planning and buying, digital and interactive marketing, sports and events marketing, field marketing and brand consultancy. Omnicom Group was ranked as one of the four largest advertising agencies in the world by The New York Times in 2002.

Does it fit my buying criteria?

  • Dividend yield > 2.0  –  5.03% (YOC) PASS
  • Chowder Number > 11   – 5.11%+6% = 11.11% PASS
  • A credit rating of BBB- (Investment grade) or better from S&P = BBB+ PASS
  • Dividend safety > 60  = 86 (very safe) PASS
  • Payout ratio < 60% = 43% PASS
  • P/E < 15:  10.8 PASS
  • Dividend Growth Streak > 10 years:  10 years PASS

Projected Annual Dividend Income:  $58.50 (after tax). 

I bought 17 shares of Eastman Chemical Company (EMN) for $60

What does this company do?

Eastman Chemical Company is an American company primarily involved in the chemical industry. Once a subsidiary of Kodak, it today is an independent global specialty chemical company that produces a broad range of advanced materials, chemicals and fibers for everyday purposes. Founded in 1920 and based in Kingsport, Tennessee, the company now has more than 50 manufacturing sites worldwide and employs approximately 14,500 people. Eastman manufactures and markets chemicals, fibers and plastics. It provides coatings, adhesives and specialty plastics products, is a major supplier of cellulose acetate fibers, and produces copolyesters for packaging.

Does it fit my buying criteria?

  • Dividend yield > 2.0  –  4.4% (YOC) PASS
  • Chowder Number > 11   – 4.4%+12% = 16.4% PASS
  • A credit rating of BBB- (Investment grade) or better from S&P = BBB- PASS
  • Dividend safety > 60  = 85 (very safe) PASS
  • Payout ratio < 60% = 35% PASS
  • P/E < 15:  11.2 PASS
  • Dividend Growth Streak > 10 years:  10 years PASS

Projected Annual Dividend Income:  $33.66(after tax).  

I bought 18 shares of Tyson Foods, Inc. (TSN) for $58.19

What does this company do?

Tyson Foods, Inc. is an American multinational corporation based in Springdale, Arkansas, that operates in the food industry. The company is the world’s second largest processor and marketer of chicken, beef, and pork and annually exports the largest percentage of beef out of the United States. Together with its subsidiaries, it operates major food brands, including Jimmy Dean, Hillshire Farm, Ball Park, Wright Brand, Aidells, and State Fair.

Does it fit my buying criteria?

  • Dividend yield > 2.0  –  2.89% (YOC) PASS
  • Chowder Number > 11   – 2.89%+33% = 35.89% PASS
  • A credit rating of BBB- (Investment grade) or better from S&P = A PASS
  • Dividend safety > 60  = 99 (very safe) PASS
  • Payout ratio < 60% = 31% PASS
  • P/E < 15:  13 PASS
  • Dividend Growth Streak > 10 years:  8 years FAIL 

Projected Annual Dividend Income:  $22.68 (after tax).  

I bought 11 shares of Reinsurance Group of America Inc (RGA )for $83.23

What does this company do?

Reinsurance Group of America, Incorporated is a holding company for a global life and health reinsurance entity based in Greater St. Louis within the western suburb of Chesterfield, Missouri, United States. RGA has grown to become the only international company to focus primarily on life and health-related reinsurance. RGA’s business includes life reinsurance, living benefits reinsurance, group reinsurance, health reinsurance, financial solutions and facultative underwriting. RGA also sells bancassurance and retakaful, and offers product development, risk management, electronic underwriting and client training services.

Does it fit my buying criteria?

  • Dividend yield > 2.0  –  3.36% (YOC) PASS
  • Chowder Number > 11   – 3.36%+16% = 35.89% PASS
  • A credit rating of BBB- (Investment grade) or better from S&P = A PASS
  • Dividend safety > 60  = 99 (very safe) PASS
  • Payout ratio < 60% = 22% PASS
  • P/E < 15:  7.6 PASS
  • Dividend Growth Streak > 10 years:  10 years PASS

Projected Annual Dividend Income:  $23.10 (after tax).  

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