I’m looking for companies that are fairly valued, have a decent dividend yield(3% to 6%) and have a fairly long history of paying dividends consistently for 10 years or more. However, there could be some cases for exceptionally good company or a strategic buy for a very long term.
It was interesting to note that I bought the same set of companies that I bought last week and so, I’ll be brief and just mention the purchases.
1) Abbott Laboratories, Inc. (ABT)
I bought 5 positions in ABT at $38.87 on 6/09 and it’ll add $5.20 of passive income on an annual basis.
2) Bank of Nova Scotia (BNS)
I added 10 positions in BNS on 6/09 at $52.16. It’ll add $28.80 of passive dividend income on an annual basis. Bank stocks have nicely recovered in last few weeks.
3) GlaxoSmithKline (GSK)
I bought 10 positions in GSK on 6/08 at $42.56 in my taxable account. It will add $22.20 of passive income on an annual basis.
Full Disclosure: Long on above mentioned securities.
Thanks for reading.
What do you think about these buy?
Its time for me to post dividend income earned from my portfolios: DRIP, HID, & Roth. I enjoy sharing them as these passive dividend income provides me great inspiration and encouragement to keep chugging along and hopefully to the readers.
Wow! I scored eight hundred+ in total passive dividend Income: $856.04 to be precise. This month, my dividend income was more than 16.62% compared to last Feb and out of park as compared to last May, over 280%.That’s awesome as my May month has been historically slow in last many years and crossing $800 felt great. It only shows the power of Dividend Income engine. I’m that much closer to being Financially Independent (FI) and living a life that I want to live.
Passive Dividend Income – May 2016
1. Dividend Re-Investment Plan Portfolio (DRIP)
Abbvie Inc. (ABBV): $28.50
Colgate-Palmolive Co. (CL): $5.85
The Clorox Company (CLX): $15.40
Welltower, Inc. (HCN): $17.20
Kinder Morgan, Inc. (KMI): $9.38
Omega Healthcare Inv., Inc. (OHI): $29.00
Proctor & Gamble Company (PG): $43.52
AT&T Inc. (T): $24.00
Verizon Com. Inc. (VZ): $28.25
2. High Dividend Income Growth Portfolio (HID)
Abbott Laboratories (ABT): $9.10
American Capital Agency (AGNC): $20.00
EPR Properties (EPR): $16.00
Eaton Corp. (ETN): $14.25
General Mills Inc. (GIS): $9.20
WellTower Inc. (HCN): $25.80
Kinder Morgan Inc. (KMI): $33.75
Realty Income Corp (O): $23.88
Omega Healthcare Inc. (OHI): $145.00
ONEOK Inc. (OKE): $184.51
Prospect Capital (PSEC): $12.50
Pimco Corp & Opportunity (PTY): $13.00
AT&T Inc. (T): $72.00
Orchids Paper Products Co. (TS): $35.00
3. Roth IRA
HCP, Inc. (HCP): $28.75
Deere & Comp. (DE): $7.20
Kinder Morgan Inc. (KMI): $5.00
Total Passive Dividend Income: $856.04
I want to own securities of Blue chip Aristocrats (companies with 25+ yrs of growing earnings) and Dividend Champions. Once the earned passive dividend income covers all my expenses, I will own my time as well and truly free from 9 to 5 tread mill.
I’d setup a goal of earning $7500.00 in total passive dividend income for this year and received total of $3679.17. This month of May was superb for me as I crossed $800+ and highest ever score so far!
Full Disclosure: Long in all above mentioned securities.
How did your Dividend Income come along in month of May?