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) Abbott Laboratories, Inc. (ABT)

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 2.65% and market cap of $57.7B. At its 52 week high, it traded at $51.74 and currently trading at $39.30, almost 20% lower.

I bought 5 positions in ABT at $38.22 on 5/17 and it’ll add $5.20 of passive income on an annual basis.

2) Bank of Nova Scotia (BNS)

I like the Canadian Banks as they have conducted their affairs fairly conservatively in past. There are 3 biggies on the radar: BNS, TD and RY  and adding BNS due to better valuation and yield. I’d recently bought it and this is my 6th addition of positions to that rapid fire sequel of buys!

I added 5 positions in BNS on 5/13 at $48.46. It’ll add $14.40 of passive dividend income on an annual basis. Bank stocks have nicely recovered in last few weeks and appear to be fairly valued in my opinion.

3) GlaxoSmithKline (GSK)

GSK is a British multinational healthcare company that manufactures pharmaceuticals, vaccines and consumer healthcare products. It has presence over a diverse geography in 150+ markets and 84 manufacturing centers in 35+ countries. It has a Market Cap of $95.3B. GSK was founded in 1935 and headquartered in Brentford, UK.

GSK has a nice dividend yield of 5.19% and currently trading at $42.75. It made 52 week high as $44.85. I bought 10 positions in GSK on 5/19 at $41.50 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?

6 thoughts on “Recent Buy

  1. As usual, I enjoy reading about your newest pick ups. Nice names all around. I considered BNS too recently but my position is already getting a bit large. I still have that name in the back of my head should it fall from current levels. Of course, ABT is another name a like and has been in my portfolio since the beginning. Never considered GSK. Thanks for sharing.

    1. Hi DivHut,

      Much appreciated the likes. I like the metrics of BNS and plan to build a substantial position. I want to see it come down a bit and pull trigger. I’m looking to add positions in healthcare companies like ABT, JNJ, GSK, MRK, etc as demographics shifts and these companies will see a secular growth going forward.

      Thanks for stopping by as always!

    1. Hi IH,

      Thank you for the likes. Healthcare companies are in a sweet spot and I would like to add positions in them and also hREITs. BNS, RY and TD are my favorite Canadian banks and long-term hold.

      Thanks for stopping by and commenting!

    1. Hi Tawcan,

      Yeah. ABT sports a nice valuation and good add now. Looking to add some more reits and healthcare companies like OHI, HCN, WPC and VTR. However, I believe that reits have moved too much recently and will wait for pull back.

      Thanks for stopping by and commenting!

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