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.
Here are the buys for the first week of July, 2016:
1) Bank of Nova Scotia (BNS)
This is my 8th buy of BNS this year, what a marathon buying spree it has been! It only shows how much I value it. I added 5 positions in BNS on 7/08 at $48.68. It’ll add $14.40 of passive dividend income on an annual basis.
2) General Electric, Inc. (GE)
I bought 10 positions in GE at $32.10 on 7/08 and it’ll add $9.20 of passive income on an annual basis.
3) GlaxoSmithKline (GSK)
I bought 10 positions in GSK on 7/08 at $43.19 in my taxable account. It will add $22.20 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.
What do you think about these buy?