Thursday, August 28, 2014

Recent Buy - (NYSE: VZ)

I RECENTLY PURCHASED THE FOLLOWING:
  • VERIZON COMMUNICATIONS INC (VZ)
    • Purchased 10 shares of VZ on 8/28/14 at $49.25
      • $21.20 added to annual dividends

Before today, we had already owned quite a few shares of AT&T (T) in our family's dividend stock portfolio.  Because of the high yield, one probably would not think that either T or VZ would be a dividend growth stock; well, at least until you look at their current 9 year streak of consecutive dividend increases.  Even at their attractively high yield, it appears that both companies are committed to raising dividends.  And if VZ continue with their current streak, they should be announcing another dividend increase very soon!
 
My recent purchase of VZ was yet another new holdings for our family's dividend stocks portfolio. Our family's dividend stocks portfolio now has a total of 25 dividend paying companies that pay us just a little over $1,800/year in dividends. As shared above, the recent purchases in VZ added $21.20 to our family's annual dividends (assuming no increase is announced before the next ex-dividend date).

Our family's dividend stocks portfolio may be found by
clicking on the link below: 



We also maintain an extensive list of stock analysis
that can be access through the link below: 


HERE IS A QUICK FACT SHEET FOR THE STOCK I JUST PURCHASED:

Verizon Communications Inc (VZ)
  • P/E: 10.66
  • Payout Ratio: 45%
  • Dividend Yield: 4.30
  • Dividend Growth rate (5yr AVG): 2.87% 
  • consecutive years of dividend increases
  • Next dividend Ex date: 10/8/2014
  • Have paid a dividend since: 1984 (30 years)
  • % shares held by institutions: 86.79%
  • Market Cap: 204.8Billion
  • 52-week high: $53.66
  • 52-week low: $45.08
 
What are your thoughts about my recent purchase?
What are you buying?

10 comments:

  1. We own VZ from the Vodafone/VZ deal. I think VZ is a great company to own. More and more people are relying on their smartphones and data plans.

    ReplyDelete
    Replies
    1. Tawcan - Glad to hear we are common shareholders...to many more years of high yield and growth!

      And yes, I agree that data plans are becoming commonplace in this high tech world of ours. Only means more revenue for VZ and T and thus more dividends for our dividend income stream!

      Cheers and Best Wishes! AFFJ

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  2. Warren Buffett also bets on von VZ. I ever thought that T is better but in terms of cash flow and mobile user growth, VZ is better positioned.

    ReplyDelete
    Replies
    1. I guess I'm in good company then...if VZ is good enough for Buffet, it is definitely good enough for me. :)

      Thanks for stopping by and for your comment. Best Wishes! AFFJ

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  3. I used to own VZ a long time ago and now regret selling it. I want to add it back to my portfolio. Great company to own adn who can complain the high yields. Great move on the stock

    cheers
    R2R

    ReplyDelete
    Replies
    1. R2R - An opportunity to re-enter may be upon you. :) With our growing dependency on smart phones and data plans, I like the long term prospects of this sector in general.

      Best Wishes! AFFJ

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  4. Congrats on becoming a fellow shareholder. I've been with Verizon personally since they bought out MCI Worldcom and have been extremely happy with the service.

    ReplyDelete
    Replies
    1. Brent - We are not using Verizon service but still glad to be a new shareholder. Figured it can't hurt to own a piece of #1 and #2 in the industry. :)

      Cheers to more data plans and thus dividends! AFFJ

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  5. Very nice buy! I don't currently own VZ or T but I am hoping to add one of these by the end of the year. The yield is very nice and would be a great addition to my portfolio. Good luck on your investment!

    ReplyDelete
    Replies
    1. Mongrel - We would welcome you as a fellow shareholder anytime. :) Both T and VZ have steady and attractive yields. Great long term holds as long as you are not expecting huge dividend raises. Personally, I don't mind having them mixed in with other dividend growth stocks.

      Thanks for stopping by. Best wishes! AFFJ

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