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.
1) Duke Energy, Corp. (DUK)
Utilities are a great place to be when market becomes turbulent. I bought 5 positions in DUK at $86.87 on 9/01 and it’ll add $17.80 of passive income on an annual basis.
2) Total S.A .(TOT)
Its no secret that oil segment has gone thru a rough patch and from prior depth of abyss, it has nicely recovered over time. Irrespective of this, O&E companies are long-term hold and TOT fits nicely into my diversified energy portfolio. I bought 25 positions in TOT at $52.14 on 9/01 and it’ll add $74.50 of passive income on an annual basis.
3) Southern Corp. (SO)
There has been some pullback in utilities segment. Due to better valuations, I added 25 positions in SO on 9/01 at $48.03. It’ll add $58.00 on an annualized basis that I do not need to work for.
Full Disclosure: Long on above mentioned securities.
Thanks for reading.