RECENT BUY : Nokia Corporation (NYSE: NOK)

We Recently Purchased The Following:

Nokia Corporation (NOK)

Purchased 75 shares of NOK on 10/13/2016 at $4.88
Total Spent: $366.00; added $21.75 in forward dividends.

Nokia Corporation is one of the world’s largest providers of the networking equipment and technology that makes wireless communication possible. With a market cap of $31.0 billion and annual revenue of $19.75 billion, Nokia is one of the world’s 300 largest companies.

Here are a few reasons why we personally bought Nokia Corporation stock: 1) NOK was trading at a 36% discount from its 52-week high of $7.63; 2) Nice yield above 5% at 5.85%; 3) NOK is a fairly large company with a market cap at 31.0 Billion.

Although  there are those who remain skeptical if the long-term synergies and cost savings associated with the Alcatel-Lucent ADR (ALU) merger will ever materialize for Nokia Corporation, we believe that with the recent reorganization, Nokia's revenue strength and their evolving product development, they should be able to maintain and quite possibly increase the dividend in the coming years.

Company Description

From Google Finance:

“Nokia Corporation is a global provider of network infrastructure and related services, with a focus on mobile broadband, as well as advanced technology development and licensing. The Company's businesses include Nokia Networks and Nokia Technologies. The Company's segments include Mobile Broadband, Global Services, Nokia Networks Other and Nokia Technologies. Mobile Broadband provides mobile operators with network solutions for mobile voice and data services through its Radio and Core business lines. Global Services provides mobile operators with services to create and maintain networks. Nokia Networks Other includes net sales and related cost of sales and operating expenses of non-core businesses. Nokia Technologies focuses on technology development and licensing. The Radio business consists of second generation (2G) to fifth generation (5G) technology generations. The Core business has a mobile switching portfolio, as well as voice and packet core solutions.”

With our recent purchase of Nokia Corporation (NOK), the estimated forward dividends for our family's dividend stocks portfolio grew another $21.75, putting our yearly dividends at approximately $3,325/year (excluding our Edwards Jones account) and $3,710/year (including our Edward Jones account).  

Since did not previously own Nokia Corporation, the recent buy of NOK added yet another dividend paying company to our family's dividend stocks portfolios (WF and EJ Accounts). The total stocks held in our family's dividend stock portfolio is now 57 different dividend paying stocks/ETFs and also 5 companies that either don't pay a dividend our has currently suspended their dividends.

Our family's dividend stocks portfolio may be found

by clicking on the link below:

DIVIDEND STOCKS PORTFOLIO

We also maintain an extensive list of stock analysis

that can be access through the link below:

COLLECTION OF STOCK ANALYSES

We also just started a list of Recent Buys by other bloggers

that can be access through the link below:

COLLECTION OF RECENT BUYS

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

Nokia Corporation (NOK)

P/E: N/A

Payout Ratio: 250%
Dividend Yield: 5.85%
0 consecutive years of dividend increases
Last Ex-dividend date: 6/16/2016

Next Ex-dividend date: approx. 6/16/2017
Have paid a dividend since: 1993 (23 years)
Pays a dividend 1-2 times a year
Market Cap: 31.0 Billion
52-week high: $7.63
52-week low: $4.88
Purchased Price: $4.88

What are your thoughts on of recent purchase?

What are you buying?