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Wednesday, January 7, 2015

RECENT BUY - Verizon Communications Inc (NYSE: VZ)

WE RECENTLY PURCHASED THE FOLLOWING:


  • Verizon Communications Inc (VZ)
    • Purchased 10 shares of VZ on 1/6/15 at $46.495
    • Total Spent: $464.95
      • $22.00 added to annual dividends
I have been watching VZ for the last month in an effort to add some more shares of the telecommunications company to our current holdings.  But since 13.5% of our dividend stocks portfolio is already tied up in IT & Communications stocks, I wasn't in a real hurry to pick up more.  Nevertheless, I felt that since the current price was lower than my previous buys (thus allowing me to average down my cost basis), and couple with the fact that VZ is set to go Ex-dividend tomorrow (which means that I bought it just in time to receive their upcoming dividend), Verizon just seem like a the right buy today for our family's portfolio. 

Our family's dividend stocks portfolio currently has a total of 31 dividend paying companies that pay us just a little over $3,175/year in dividends. 

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: 

We also just started a list of Recent Buys by other bloggers
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: 9.7796
  • Payout Ratio: 44%
  • Dividend Yield: 4.72%
  • Dividend Growth rate (5yr AVG): 2.90% 
  • 10 consecutive years of dividend increases
  • Last dividend Ex date: 10/8/2014
  • Next dividend Ex date: 1/7/2015
  • Have paid a dividend since: 1984 (31 years)
  • Pays a dividend 4 times a year.
  • Market Cap: 195.2 Billion
  • 52-week high: $53.66
  • 52-week low: $45.09 
What are your thoughts about my recent purchase?

What are you buying?
at

6 comments:

  1. Roadmap2RetireJanuary 7, 2015 at 8:52 AM

    A great company to own. Its on my watchlist, albeit a bit lower than others.

    cheers
    R2R

    ReplyDelete
    Replies
    1. A Frugal Family's JourneyJanuary 8, 2015 at 8:18 PM

      R2R - yeah, we currently own it and happy with the risk/reward so far. Today's purchase was an addition to our holdings. :) AFFJ

      Delete
  2. TawcanJanuary 7, 2015 at 4:34 PM

    A great company to own, I might add to our existing VZ position this year.

    ReplyDelete
    Replies
    1. A Frugal Family's JourneyJanuary 8, 2015 at 8:20 PM

      We have both AT&T and Verizon, both are very stable stocks that pay an attractive dividend. Hope you have an opportunity to become a fellow shareholder, we certainly would welcome you with open arms! :) AFFJ

      Delete
  3. DivHutJanuary 7, 2015 at 8:42 PM

    I know VZ and T have been quite popular among many of the bloggers in recent weeks. Nice yield for both. I just never got on board with the telcos. They may be great companies but in my eyes are too much tech rather than telcos and I see great change in the industry in the coming years. Thanks for sharing.

    ReplyDelete
    Replies
    1. A Frugal Family's JourneyJanuary 8, 2015 at 8:24 PM

      I understand that telcos may not be for everyone. Our family have owned AT&T for years and Verizon just recently, based on our experience, these two stocks are not dividend growers, but they do provide a very attractive yield that historically have been very stable. Thanks for stopping by. AFFJ

      Delete