Dividend 19 Aug 2009

National Grid Plc : 23.0000p per share

Div Yeild 5.97%

Dividend 07 Aug 2009

Vodafone Group Plc Ord Usd0.11 3/7 : 5.2000p per share

Div Yeild 5.90%

Purchase 05 Aug 2009

BP Plc $0.25 @ 500.7250

British Petroleum joined the FT30 Index in March 1977, replacing Cavenham Control which left the UK, and was added to the Mitre Investment Club Portfolio in April 2007. It remains in the Mitre Investment Club Portfolio due to Div Yield of 9.0 in April 2009.

The reason for purchase: Mitre Investment Club lowest value stock.

Club History for British Petroleum

#3 – Buy 200909 @ 500.74 [to-date :Gain 7.10%]
#2 – Sell [40% of holding] 200904 @ 465.30
#1 - Buy 200704 @ 552.80 [to-date : Loss -2.98%]

The Mitre Investment Formula

All investment decisions made by the club are based on the "Mitre Investment Formula". The formula orgininated from the Motley Fool UK Investment Guide "Beating the Footsie" which itself originated from Michael O'Higgins book entitled Beating the Dow.

The Mitre portfolio is formed from 12 stocks from the FT30 index. More of the formula and stocks in later posts!