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 company in month of April, 2017:
1) Vector Group Ltd. (VGR)
Market highs are keeping me edgy, however, I decided to pull a defensive play like VGR. Added 25 positions in VGR on 4/17 at $21.10. It’ll add $40.00 of passive dividend income on an annual basis.
Full Disclosure: Long on above mentioned securities.
Thanks for reading.