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.

Here are some of my recent buy in month of September:

1) 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 $83.5B. GSK was founded in 1935 and headquartered in Brentford, UK.

GSK has a nice dividend yield of 6.16% and trading at $38.48, dropping from 52 week high of $49.08, more than 20%.

I bought 10 positions in GSK on 9/18 at $39.96 in my taxable account. It will add $23.70 of passive income on an annual basis.

2) ConocoPhillips (COP)

Energy companies have been under stress due to multitude of reasons: shale oil boom, additional supply, that’s leading to over-supplied oil market. Oil and gas market is highly cyclical in nature and quite vulnerable to slight changes in supply and demand. Currently, COP is trading at $47.19, has a juicy yield of 6.27% and P/E of 21.40.

I bought 10 positions in COP on 9/18 at $49.00, making it 40 positions overall. It will add $29.60 of passive income in my Portfolio.

3) Kinder Morgan Inc. (KMI)

Kinder Morgan is the largest midstream and the fourth largest energy company in North America, own an interest or operate approximately 80,000 miles of pipelines, and 180 terminals. In most of businesses, they operate like a giant toll road and receive a fee.

KMI is trading at P/E ratio of 42.50 with a healthy dividend yield of 6.66% and Market Cap of $74.5B. It ran up to $44.71 at its 52 week high and currently trading at $29.42, almost 35% lower and a great price point. There is some amount of risk involved in it but, I consider this pipeline company akin to an utility company and a good long-term keep.

I’d recently bought it and added 10 positions in KMI at $30.50 on 9/18, making it overall 50 positions in taxable account. It will add $19.60 of passive income on a 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?

4 thoughts on “Recent Buy

  1. I can’t keep up with all these buys. Congrats on picking up some great yield once again. I don’t hold any of these names in my portfolios but the yields on all three get me excited. Am I being too conservative with my portfolio holdings? Thanks for sharing.

    1. Hi DivHut,

      Appreciate liking the buys. I’m working hard to generate passive income so as to be FI as soon as possible, With market tanking, yields has gone up for some, hope that those companies do not trim yields, we will see. I also own many conservative quality stocks and it’s about the balance with low, medium and high yields and amount of risk we want to take.

      Thanks for stopping by and commenting!

    1. Hi AFFJ,

      Glad to be know about KMI buy and we will be happy camper with it. I really like the fundamentals of KMI and would be willing to buy more if the prices go down further. Appreciate the kind words. Yeah! I added quite a few names last month and passive income did got some boost. October is another scary month and it will be nice for us patient investors, if the market takes a dip and we can happily fill our cups 🙂

      Thanks for stopping by and commenting!

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