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, it’s getting difficult to find companies at fair valuation. I added small positions in following companies in month of Feb, 2017:
1) Duke Energy, Corp. (DUK)
Utilities are a great place to be when market becomes turbulent. I bought 5 positions in DUK at $79.21 on 2/22 and it’ll add $17.10 of passive income on an annual basis.
2) Vector Group Ltd. (VGR)
With market at all time high keeping me edgy, I decided to pull a defensive play like VGR. Added 10 positions in VGR on 2/13 at $22.75. It’ll add $16.00 of passive dividend income on an annual basis.
Full Disclosure: Long on above mentioned securities.
Thanks for reading.