Recent Buy - Compass Minerals (CMP)

Earlier this week I added to my position in Compass Minerals (CMP). CMP is one of the smallest companies in terms of market cap that I have in my portfolio and it is also one of the smallest in terms of portfolio weight. CMP has been beaten down a bit after the mild winter hurt their salt sales so I decided to buy some more shares here.

Compass Minerals produces salt, plant nutrients and magnesium chloride for distribution primarily in North America. CMP also provides secure records storage in a retired mine in the U.K. Products from Compass Minerals serve a variety of applications in industrial, agricultural, commercial and consumer markets.

If you want a nice analysis of CMP be sure and check out Simply Safe Dividend's article here.

I bought 14 Shares of CMP @ $76.75 for a total of $1074.50

CMP Stock Chart

CMP Basic Stats

• Ticker Symbol: CMP
• Sector: Materials
• Yield: 3.6%
• Dividend Growth Streak: 12 years
• Annualized Dividend Growth 3yr: 10%
• Payout Ratio: 61%
• P/E Ratio: 17.2
• Market cap: $2.5 Billion
• Website: http://www.compassminerals.com

CMP Dividend Growth

April 2016 Dividend Update

It's April dividend update time! It was a record breaking month for dividend income as I earned $372.52 in dividends! This is a 33% improvement over last years April income total and higher than last quarter as well. This doesn't even include the special dividend that was made by Glaxo Smith Kline.  I love seeing my dividend income grow each quarter, and with recent dividend increase announcements from the likes of Pepsi and Johnson & Johnson that trend looks to accelerate even more! My dividend income is listed below.

 April Purchases

• Cullen/Frost Bankers (CFR) - 18 Shares @ $61.49

April Dividend Increases

• Coca-Cola (KO) - From .33 to .35 (+6%)
• Walmart (WMT) - From .49 to .50 (+2%)

April Dividend Income

• Coca-Cola (KO) - $21.35
• New Jersey Resources (NJR) - $85.20
• Walmart (WMT) - $43.50
• Kraft/Heinz (KHC) - $24.73
• Realty Income (O) - $19.90
• Phillip Morris (PM) - $14.28
• Altria (MO) - $53.68
• Cisco (CSCO) - $9.62
• Glaxo Smith Kline (GSK) - $43.93
• Hatteras Financial (HTS) - $24.75
• Powershares Muni Bond ETF (PZA) - $11.12
• Sysco (SYY) - $20.46

Total Dividends April 2016: - $372.52