My Weekly Dividend Stock Purchases

3/13/2023 – 3/17/2023

As outlined in my first blog post, a major cog in my dividend growth machine is the purchase of additional shares of existing dividend stock positions or the purchase of shares in a new dividend stock. Before each new month begins I assess my current dividend stock positions and decide which companies I believe currently look attractive. Luckily, the month of March provided several great opportunities for dividend growth companies within my portfolio. In total, there will be 3 stocks that I will be adding to every Monday throughout the month of March.

The Stocks Purchased

1. Cogent Communications Inc. (CCOI): This mission critical company typically flies under the radar for most investors. However, this is costly mistake as Cogent actually operates 20% of the entire world’s internet traffic. Impressively, this is done through their vast fiber network that stretched all across the globe. A wonderful dividend growth company, they have increased their dividend every quarter for over 10 years! For a cherry on top, their dividend yield is over 6%.
2. American Tower Corp. (AMT): American Tower is one of the largest cell tower operators on the globe. AMT collects rent paychecks from nearly every major telecom company across 6 continents every month. I love the combination of AMT and CCOI as it allows investors to capture the full vertical infrastructure of data transportation. For an in-depth review of American Tower and Cogent Communications check out my Seeking Alpha article.
3. Essential Properties Trust (EPRT): A triple-net lease REIT with great growth potential and strong dividend yield. The combination of a nearly 4.6% yield and a dividend growth rate 7% over the last 3 years is too hard to pass up.

Follow these weekly purchases along with dividend reinvestments and dividend increases across my holdings through my real-time portfolio tracker.