Recent Buy – O, OKE

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 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.

4 thoughts on “Recent Buy – O, OKE

    1. Hi IJFV,

      Appreciate the like and this keeps me motivated as well 🙂 I was hoping that there will be some correction in this bull market: apparently, it has not happened yet.

      Thanks for stopping by and commenting!

    1. Hi Lanny,

      Yeah, I’ve been eyeing Realty since a long time and in fact several other securities but, this market does not want to take some breather 😉 I’m ready to pull trigger whenever there is some decent pullback and have been waiting for sometime. With GDP numbers looking like 3.8% for Q3, correction appears far away, and adding few here and there appears best bet.

      Thanks for stopping by and commenting!

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