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) Realty Inc Corp. (O)
With the likely possibility of Fed pulling a trigger on a rate hike in near future, reits are having a tantrum, providing some value in this generally over-valued market. I bought 25 positions in O at $58.15 on 9/01 and it’ll add $63.50 of passive income on an annual basis.
2) ONEOK, Inc. (OKE)
Oil segment has gone thru a lot in recent times but, it has started recovering. The O&E companies are long-term hold and OKE fits nicely into my diversified energy portfolio. I bought 25 positions in OKE at $55.39 on 9/07 and it’ll add $74.50 of passive income on an annual basis.
Full Disclosure: Long on above mentioned securities.
Thanks for reading.