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With the month of August ending, and the markets remaining relatively flat, I decided to add to some of my existing positions. I couldn’t resist these juicy yields as a result of stock price declines, and I decided to deploy another small batch of fresh capital this month.

My preferred method has always been to dollar cost average into stocks. I nibble here and there every month, no matter the market conditions. Sometimes my dollars buy me quite a few shares, while the same amount buys me less other times. Either way, I am building up my positions and slowly increasing my passive income stream. With that being said, here are my buys for August:

If you have been following along over the last several months, you may know that I have been buying more of the same. UGI Corporation (UGI) and Leggett & Platt (LEG) are both beaten down so far in 2023, and they look enticing to me over the long haul.

If prices remain depressed, I will continue to average down on my positions in these two stocks. Looking forward towards September, other ‘accidental high yield’ stocks are coming into view, as well.

More By This Author:

Dividend Income Update July 2023
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July 2023 Stock Considerations