More dividend re-investing

The Amateur Investor income account was boosted by the receipt of another dividend payment this morning. So true to form the dividend was ploughed straight back into the Market.

The dividend income was used to purchase more Royal & Sun Alliance (RSA), Game Group (GMG) and Pendragon (PDG) shares.

Both the RSA and PDG purchases reduced the average buying price of these two stocks, which the purchase of more GMG shares actually increased the average buying price due to the circa 15% rise in the share price since my initial purchase of Game a couple of days ago. Perhaps I’m not the only person to have noticed the double digit yield on offer at the moment!

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