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 is my purchase for the month of Mar 2015, and most likely last one for this month. This was an addition to my prior purchase of 15 positions in PM.
1) Philip Morris Intl. Inc. (PM)
Philip Morris Intl. Inc., is one of the prominent tobacco company internationally with 6 of the top 15 international brands, like Marlboro, Virginia Slims, L&M, Parliament, Merit, Bond Street, Philip Morris, Chesterfield, Lark, Muratti, Red & White. It sells its products in more than 180 markets with 15.7% share outside US. PM is headquartered in New York City, NY but does not operate in United States, where brands are owned by former owner: Altria Group (MO).
PM is trading at P/E ratio of 16.10, a healthy dividend yield of 5.21% and Market Cap of $118B. It has ran up to $91.63 at its 52 week high and currently trading at $76.79 almost 15% lower and gives an great opportunity to add or initiate positions at current valuations in my opinion.
I bought PM at $79.45 on 3/23 and added 10 positions. It will add $40.00 of annual passive income on a forward basis that will help propel me towards FI journey.
Dividend Diplomats recently bought 38 positions, Dividend Mantra considered it as the best stock idea for this year, Sure Dividend examined it for DGI Investors and many other bloggers have also recently bought it.
Full Disclosure: Long on above mentioned securities.
Thanks for reading.
Are you considering adding it to your portfolio also.