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.
Although, it is getting difficult to find companies at fair valuation, I still pulled triggered on following companies in first week of Aug, 2016:
1) Bank of Nova Scotia (BNS)
This is my 10th buy of BNS this year, a marathon buying spree indeed! It only shows how much I value it over the rest of all of my companies. I added 10 positions in BNS on 8/05 at $50.26. It’ll add $28.80 of passive dividend income on an annual basis.
2) General Electric Co. (GE)
I recently added GE and got another 10 positions in GE at $31.26 on 8/05 and it’ll add $9.20 of passive income on an annual basis.
3) ConocoPhillips (COP)
Carnage in oil sector was brutal however, it has drastically recovered over last several weeks. COP had significantly cut its dividend in this tumult. There are still risks in this sector, but, I think that COP provides greater rewards in future. To that end, I bought 5 positions in COP on 8/05 at $40.53 in my taxable account. It will add $5.00 of passive income on an annual basis that I do not need to work for.
Full Disclosure: Long on above mentioned securities.
Thanks for reading.