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.
With market setting all time highs almost on a daily basis, it’s getting difficult to find companies at fair valuation. However, I nibbled following companies in Nov, 2016:
1) Bank of Nova Scotia (BNS)
This is my 15th buy of BNS this year, a marathon buying spree so far! It turns out to be 1+ buy per month on average. I added 20 positions in BNS on 12/28 at $56.12. It’ll add $59.20 of passive dividend income on an annual basis.
2) Welltower Inc. (HCN)
As I mentioned earlier, there is a growing fear of the Fed hiking interest rates in Dec and its detrimental effect on the reits in general due to higher lending costs and pushing profits lower. I bought 5 positions in HCN at $65.30 on 12/28. It’ll add $17.20 of passive income on an annual basis.
3) Southern Corp. (SO)
Similar to reits, in recent times, there has been a pullback in utilities segment. Due to better valuations, I added 10 positions in SO on 12/28 at $48.99. It’ll add $22.40 on an annualized basis.
Also, I initiated small positions in 2 new securities: PPL Corp. (PPL) and Whitestone (WSR).
Full Disclosure: Long on above mentioned securities.
Thanks for reading.