Today I added more shares of HCP.
- HCP: 120 shares @ $41.73 --- Yield 5.42%
Total capital invested is 5014.55 and will increase my dividends by $271.20. I have not added to my position since late 2013 so I feel it is ok to increase my REIT holdings. Today's purchase increases my total share count to 330 shares and will pay me roughly $745 a year in dividends. HCP also represents about 3.33% of my total portfolio.
As a side note, I just passed $16,000 in forward passive income assuming no further dividend cuts. Right now I believe my holdings are secure. This is another conservative purchase and I will continue to make mostly safe and boring purchases for the duration of the year.
My current intentions are to reach $17,500 in forward passive income by year end.