Recent Buy – BNS, STWD

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 Sep, 2016:

1) Bank of Nova Scotia (BNS)
This is my 11th buy of BNS this year, a marathon buying spree so far! It only shows how much I value it over the rest of all of my companies. I added 5 positions in BNS on 9/22 at $54.58. It’ll add $14.40 of passive dividend income on an annual basis.

2) Starwood Property Trust, Inc. (STWD)
As I mentioned that reit segment is getting overheated and this has a higher risk to significant correction as well. But, as a long-term investor, this could be good addition to the portfolio. I bought 10 positions in STWD at $23.07 on 9/23 and it’ll add $19.20 of passive income on an annual basis.

Full Disclosure: Long on above mentioned securities.

Thanks for reading.

6 thoughts on “Recent Buy – BNS, STWD

    1. Hi DivGro,

      I like STWD and would not hesitate to add more if prices do come down. With market being so expensive and especially reits, its a bit scary out there. Now a days, its tough to find companies that are closer to fair valuation after 8 yrs of bull market.

      Thanks for stopping by and commenting!

  1. I haven’t added to my BNS in a while. All the Canadian banks have come back quite nicely form their lows earlier this year. Like the BNS buy. Thanks for sharing.

    1. Hi DivHut,

      Completely agree. BNS, RY and TD have come back strongly and I’m also waiting for the right time to add them. I’ll like to get close to 12 buys of BNS this year, that will be average of one per month, a record for me 🙂

      Thanks for stopping by as always and commenting!

    1. Hi InvestmentHunting,

      Good to hear and I’m sure we will be happy camper with BNS and also STWD. I want to add few more reits but, they have got expensive since Fed did not pull a trigger for rate hike, Dec is still in play and we might get a pullback then, we’ll see.

      Thanks for stopping by and commenting!

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