Recent Buy – DUK, TOT, SO

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.

4 thoughts on “Recent Buy – DUK, TOT, SO

    1. Hi Sandy,

      Absolutely, I wish I’d bought them much earlier than I started buying them. I consider utilities them as core to the portfolio. They are expensive for sure: have been waiting for some short of correction but it is not happening 🙂 We will see how Mr Market behave for rest of year and next.

      Thanks for stopping by and commenting!

    1. Hi DivHut,

      Yes, I’ve looked at PPL and like it, will consider adding it in portfolio at some point. My pace of buying has slowed due to high market valuations: bull market is going on for last 9 years and in next March, we may celebrate a decade of bull 🙂 it could be the longest bull market ever in US history, and its also most un-loved one as well, as there are lot of misgivings about the longevity of it, but, it keeps chugging along.

      Thanks for stopping by and commenting!

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