As mentioned in a couple of previous posts, I have been waiting for Aviva (AV.) to drop to the 300p level, at which point I would be adding to my existing holding of the high dividend paying shares.
Well this morning my buying price was triggered and I managed to buy in at 292.85p (including stamp duty).
This purchase took my average buying price down to 330.67p from 342.81p – I will be looking for further weakness to lower this average buying price even further.
According to The Share Centre, the forecast dividend for 2012 is 28.48p, so today’s shares should yield 9.73%.
The Amateur Investor overall holding (average buying price 330.67p) should yield 8.61% in 2012.
Only one other share trade today, a small purchase of Pendragon (PDG) at 10p (including stamp duty).