I’m always looking out for good quality securities, and if they are under valued that’s great and if they yield high dividend income, even better! However, emphasis is owning quality blue chip companies to grow passive dividend income.
I’ve been pondering about following companies since some time. As soon as more capital becomes available, I’ll be gnashing my teeth in some of these great companies
1) American Realty Capital Properties Inc. (ARCP)
ARCP is a real-estate investment trust (REIT) that acquires, owns and operates single-tenant and multi-tenant commercial real estate properties and is world’s largest net lease REIT. It has in total 4,429 properties across 49 states in 94 industries with portfolio occupancy of 99.8%, 99.1 million sq footage and total value of $23.8B.
ARCP has a nice dividend yield of 8.65% that is paid out monthly and has a market cap of $10.50B. Its 52 week was $14.96 and currently trading at $11.56 which is close to its 52 week low of $11.54. Current price provides an excellent entry point to investors. As a REIT, it must pay out 90% of its earnings and a diversified portfolio, ARCP is a good bet as a long-term hold. ARCP was also a recent buy by Dividend Mantra.
2) General Electric Company(GE)
GE was founded in 1892 by none other than famous Thomas A. Edison and is headquartered in Fairfield, Connecticut. GE is a huge multinational company and diversified across several major segments: energy, infrastructure, technology, capital, healthcare , etc. among others. GE is ranked as one of top Fortune 500 company with a market cap of $243.52B.
GE is trading at P/E ratio of 19.20 with a nice dividend yield of 3.63%. It touched a 52 week high of $28.09 and currently, trading at $24.27, almost close to its 52 low of $23.82. GE had run into rough weather in last recession of 2008 due to its financial division but it is on mend and on its path of becoming a stable company. At current valuation, its provides a good opportunity to investors looking for long haul.
With the market taking a dip, read handing you opportunities, there are few others that are under my radar: ABBV, HCP, CVX, YUM, and T.
Full Disclosure: I plan to purchase above securities in near future.
Are you also considering to purchase these securities in near future?
Thanks for reading.