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.

3 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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  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.

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