Monday, June 22, 2015

Stock purchase: WPC


Well the CAG proceeds didn't last very long. Today I added to my WPC position.

  • WPC:  25 shares @ $61.41 --- Yield 6.21%

Total capital invested is $1542.20. This puchase will add $95.40 to my yearly dividends. This will probably conclude my REIT buying spree that I have been on during the last month or so.

DEFY MEDIOCRITY
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15 comments:

  1. Roadmap2RetireJune 22, 2015 at 3:00 PM

    Nice purchase, MDP. WPC seems to be popular with teh DGI community these days....and its looks like a great company. Would love to own this over the long run

    Congrats on adding $95 to your FY dividends
    R2R

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    Replies
    1. My Dividend PipelineJune 22, 2015 at 5:22 PM

      R2R,

      A 6% yield and steady dividend growth. What is not to love? I think REITs will be shaky for a while longer, but along with oil I am at a full position for now. On to utilities. :-)

      MDP

      Delete
    2. Adam - IWTRSJune 22, 2015 at 6:31 PM

      Im heavy on WPC. Need to unload a bit for sure. Id love to hear what is on your short list for utilities!

      Delete
    3. Roadmap2RetireJune 22, 2015 at 10:08 PM

      Ive been looking closely at the utilities too, MDP. Some really interesting choices there - and some are already at a good valuation.

      Looking forward to see which one you buy
      R2R

      Delete
    4. My Dividend PipelineJune 23, 2015 at 8:25 AM

      Adam,

      I will probably stick with SO for now since I have already started a position. Later on I might add a second utility.

      MDP

      Delete
  2. Average Dividend YieldJune 22, 2015 at 6:08 PM

    Markets ralley and REITs tank. A nice opportunity to add some more! I'm keeping a close eye on REITs, namely VTR, HCN and WPC. I like HCP but I feel that I have enough.

    Great buy. I keep wondering if REITs have bottomed. It's hard to imagin that their dividend yields could go higher.

    ReplyDelete
    Replies
    1. My Dividend PipelineJune 23, 2015 at 8:26 AM

      ADY,

      The yields are high, but I remember buying DLR when it was yielding 7% back in 2013. Seeing REITs in the 6-8% wouldn't surprise me especially with rising interest rates. We'll see.

      MDP

      Delete
  3. Dividend DiplomatsJune 22, 2015 at 7:46 PM

    MDP,

    Nice work adding close to $100 annually. Looks like this is a hot stock as of late, congrats on the purchase!

    -Lanny

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    Replies
    1. My Dividend PipelineJune 23, 2015 at 8:27 AM

      Lanny,

      The long march continues. Where and when it ends no one knows. I might take a pit stop or two in the coming months :-)

      Delete
  4. UnknownJune 23, 2015 at 1:39 AM

    Thats nice deal for the WPC you have bought for and I am still with the intraday SGX signals waiting for the stocks to purchase.

    ReplyDelete
    Replies
    1. My Dividend PipelineJune 23, 2015 at 8:42 AM

      Michale Wong,

      Thanks for the comment and the link. By the way, how did you insert a link into a comment? I know it's an off the wall question, but I seriously would like to know how you did that.

      MDP

      Delete
  5. DivHutJune 23, 2015 at 3:21 AM

    Thanks for sharing your recent REIT buy. The REITs seem to have stabilized a bit in the last week or so after the Fed was a 'no show' for a rate hike. I know we'll get much better buying opps once the interest rate hike chatter will make headlines again. Nice buy with WPC. It, along with O, NHI, LTC, OHI, DLR and AVB are on my mind.

    ReplyDelete
    Replies
    1. My Dividend PipelineJune 23, 2015 at 8:44 AM

      DivHut,

      We shall see. It would surprise me to see REITs head in either direction quite honestly. I will try to add to non REIT positions as I am at about a 6% position in the sector.

      MDP

      Delete
  6. Dividend GremlinJune 23, 2015 at 7:42 AM

    MDP,

    I knew you would deploy at least some of that money right away. Nice strong income play.

    - Gremlin

    ReplyDelete

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