Recent Buy – VZ, WPC

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 managed to add positions in following companies in month of Mar, 2017:

1) Verizon Communications Inc. (VZ)
Defensive plays like telecom and utilities are a great place to be when market becomes turbulent. I bought 30 positions in VZ at $50.08 on 3/06 and it’ll add $69.30 of passive income on an annual basis.

2) W.P. Carey (WPC)
Over last several months, WPC has made a significant correction and I consider it a good buy now. Also, it sports a healthy yield of over 5% though PE ratio is still elevated. Added 25 positions in WPC on 3/06 at $62.21. It’ll add $99.50 of passive dividend income on an annual basis.

Full Disclosure: Long on above mentioned securities.

Thanks for reading.

12 thoughts on “Recent Buy – VZ, WPC

  1. I own WPC and it can be a frustrating stock because it always seems to have a nice run up followed by a nice fall. Most are in WPC for the dividend though and you can’t go wrong there. Currently a 6.4% yield and they actually raise the dividend payout every quarter which is unique and impressive.
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    1. Hi TheDividendLife,

      I like REITs in general, however, they are more sensitive to interest rates fluctuations. Its possible that with fed increasing rate in coming months and years, reits will fall in value due to increasing cost of debt servicing. We will see how they perform going forward.

      Thanks for stopping by and commenting!

    1. Hi TallInvesting,

      Good to hear that, we are happy campers in these 2 companies for long time to come 🙂

      Thanks for stopping by and commenting!

  2. I don’t own either company but know they are both popular among our dividend investing peers. Nice to see a REIT buy. The whole REIT sector has been taken down in recent months and many are sporting much better values and yields. Nice pick ups. Thanks for sharing.

    1. Hi DivHut,

      REIT sector is quite volatile, prices have come down recently and there is a possibility that there could be more downside remaining, I remain wary for sure.

      Thanks for stopping by as always and commenting!

    1. Hi Tyler,

      Nice buys! Have not really looked at NRZ. Old Republic is in good niche of insurance segment and a good play. AMGN and Biogen are solid biotech companies. Keep going the buying spree 🙂

      Thanks for stopping by and commenting!

    1. Hi WRI,

      VZ is a great buy at this point of time, and I’m also inclining towards adding in my watch list.

      Thanks for stopping by and commenting!

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