Recent Buy

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.

1) Bank of Nova Scotia (BNS)

I’d bought BNS recently and this was addition to that. I added 10 positions in BNS on 2/04 at $41.47. It’ll add $20.20 of passive dividend income on an annual basis. BNS got the honor of my first buy of 2016. Bank stocks have become value proposition in my opinion as fear is running wild due to potential loan issues in energy companies.

2) Abbott Laboratories, Inc. (ABT)

I’ve been thinking to add some healthcare companies to better balance my portfolio  across all the sectors and what a better choice than a pharma company.  Abbott  manufactures and sells a range of health care products and operates in 4 business segments: pharma, diagnostic, nutritional and vascular products. The company was  founded in 1888 and is headquartered in Abbott Park, Illinois.

ABT has dividend yield of 2.78% and market cap of $55.8B. At its 52 week high, it traded at $51.74 and currently trading at $37.41, almost 30% lower.

I bought 10 positions in ABT at $36.29 on 2/01 and it’ll add $10.40 of passive income on an annual basis.

3) Seagate Technology (STX)

I do not own too many technology companies in my portfolio, however, looking to add few to diversify my portfolio. STX appears to be a good value proportion as it has fallen to $31.59, almost 50% lower from its 52-week high of $63.39, P/E ratio of 15.80 and yield of 7.98%. Its possible that it may fall further if the drumbeat of recession takes some hold, however, for patient investors, it could turn out to be a good deal in my opinion, while getting paid for waiting.

I initiated 5 positions in STX at $31.34 on 2/05 and it’ll add $12.60 of passive income on an annual basis.

Also, I added small positions in Eaton Corp, plc (ETN), Orchids Paper Products Co. (TIS) and Vodafone Group plc (VOD).

Full Disclosure: Long on above mentioned securities.

Thanks for reading.

What do you think about these buys?

4 thoughts on “Recent Buy

  1. Like the BNS and ABT buys. I have been adding to my BNS recently as well. ETN looks like an interesting industrial play too. For now my industrial focus remains on EMR, CAT and DOV. Thanks for sharing.

    1. Hi DivHut,

      Glad to know that you like BNS and ABT buys. I’ve been targeting some industrials like ETN, CAT and UTX. At some point, I could be adding DOV, have watched it on side line since some time but somehow, have not pulled the trigger: so many choices and so few capital.

      Thanks for stopping by and comments.

  2. Great buys! I was looking hard at ABT but opted for a different pharm stock instead. If I wouldn’t have missed the ex-dividend date, I may be calling myself a fellow shareholder! Some strong dividend income was added to your portfolio! Keep up the amazing work.

    Bert

    1. Hi Bert,

      ABT is one of my core position. I’ll be adding some more positions if prices remain favorable. There are many other pharma names that I like: JNJ, MRK and GILD. No worries, its always next in line and there are so many opportunities in this market. Appreciate liking the buys. Hope these help in meeting my target of this year.

      Thanks for stopping by and commenting.

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