Saturday, April 28, 2018

RECENT BUY : Ladder Capital Corp (NYSE: LADR)

WE RECENTLY PURCHASED THE FOLLOWING

Ladder Capital Corp (LADR)
Purchased 50 shares of LADR on 4/25/2017 at $13.75

Total money spent: $687.50
$63.00 added to annual dividends


We have continued to actively purchase shares of dividend stocks, but admittedly it has been quite some time since we have written post of a recent buy. We just thought we'd share this one as it does not seem to be as popular in the dividend stock investing community. We had a family member, who currently owns this stock, recommend it to us earlier this year.  So we started watching Ladder Capital Corp (LADR) around February and finally saw a good entry point when the stock dipped recently below $14.00.  

Since we did not previously own shares in Ladder Capital Corp (LADR), the recent purchase not only added $63.00 to our forward dividends but also became the 61st different dividend paying stocks/ETFs in our family's Dividend Stocks Portfolio.

They additional $63.00 added to our annual dividends puts our yearly dividends at approximately $3,295/year (excluding our Edwards Jones account) and $3,795/year (including our Edward Jones account). 

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


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

Ladder Capital Corp (LADR)
  • P/E: 12.27
  • Payout Ratio: 107.52%
  • Dividend Yield: 9.06%
  • 0 consecutive years of dividend increases
  • Last dividend Ex date: 3/12/2018
  • Next dividend Ex date: approx. 6/12/2018
  • Dividend Payback Period: 3 years
  • Pays a dividend 4 times a year.
  • Market Cap: 1.55 Billion
  • 52-week high: $15.39
  • 52-week low: $12.82
  • Purchased Price: $13.75

What are your thoughts about our recent purchase?

What are you buying?

5 comments:

  1. AFFJ -

    Nice purchase, never heard of this one, at all. Hope this goes well for you.

    -Lanny

    ReplyDelete
    Replies
    1. Thanks Lanny. I think we will be fine at our entry point. ๐Ÿ˜Š

      AFFJ

      Delete
  2. It was on my list for some time,was hoping to purchase it.

    ReplyDelete
    Replies
    1. Glad to hear there is at least one other dividend investor with their eyes on LADR. Hope to see you on board soon. ๐Ÿ‘๐Ÿผ

      Delete
  3. I have never heard of this one either. The metrics look nice and warrant some research. Thanks for sharing.

    ReplyDelete