I recently published my watch list for April and wrote about OKE and RDS.B along with few other securities. I did exactly what I mentioned in that post.
1) ONEOK, Inc. (OKE)
I initiated 10 positions in OKE on 4/13 at $48.34 and added an additional 10 positions on 4/20 at $49.57 in my taxable account, totally 20 positions as of now.
OKE has a decent dividend yield of 4.92% and trading at $49.23, a good price point to enter into the position and dollar-cost average down if oil price drops. There are definitely some risks involved here in case oil prices were to tank further.
It will add $48.20 of passive income on an annual basis. I consider it as a great addition to my Portfolio.
2) Royal Dutch Shell plc (RDS.B)
RDS.B has a juicy dividend yield of 5.91% and trading at $63.67, a significant drop from $88.13. For long-term investors, it will provide a great upside potential once the price of oil starts its upward trajectory.
I added 4.6 positions in RDS.B on 4/21 at $63.00 in my DRIP account, totaling up almost 10 positions. It will add $17.30 of passive income on an annual basis that I do not have to earn and work for.
I also bought few positions in KMI and WPC in my DRIP/Roth IRA accounts.
Full Disclosure: Long on above mentioned securities.
Thanks for reading.
What do you think about these buy?