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 my recent buy in the month of May 2015.
1) Kinder Morgan, Inc. (KMI)
I bought 11 positions in KMI on 5/22 at $42.89 and added an additional 6 positions at $42.89 in my DRIP account. Along with my prior 11 positions, making it 28 positions.
KMI has a decent dividend yield of 4.63% and trading at $41.49, a good price point to enter into the position and dollar-cost average down. There are definitely some risks involved here in case oil prices were to take a big hit.
It will add $32.64 of passive income on an annual basis. I consider it as a great addition to my Portfolio.
2) AT&T Inc. (T)
T has a juicy dividend yield of 5.44% and trading at $34.54, drop from $37.48. Though, growth is restrained due to the size of the company, however, it is more like a utilities company that provide an excellent dividend income point right off the bat.
I added 6 positions in T on 5/07 at $34.63 in my DRIP account, making 29 positions overall. It will add $11.28 of passive income on an annual basis.
Full Disclosure: Long on above mentioned securities.
Thanks for reading.
What do you think about these buy? Are these companies on your radar.