Recent Buy – ABT, BNS, GSK

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?

2 thoughts on “Recent Buy – ABT, BNS, GSK

  1. Thanks for sharing. I like the ABT and BNS buys. I’m looking at ABT and ABBV as well. I would add to my BNS but will wait for much lower pricing as it’s already one of my larger holdings. Always love reading these updates.

    1. Hi DivHut,

      BNS is at top of the list right along with pharma companies like ABT, ABBV & JNJ but last one has moved up way too high. Most of the stocks look fully-valued, if not over-valued and I’m a bit cautious right now and wait for some pullback to add them.

      Thanks for stopping by and commenting!

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