Today I added to my OHI position.
- OHI: 50 shares @ $31.53 --- Yield 7.99%
Total capital invested is $1583.43 and will add $126.00 to my yearly dividends. The yield is pretty high right now and hopefully dividend will be safe. I don't want to get too heavy into REITs, but the bargains are scarce right now. If oil prices drop back down again I'll pick up a few shares of BP and Shell.
Forward dividends are $9600.00.
DEFY MEDIOCRITY
Like you, I plan to keep my REITs a small portion of my overall portfolio. Of all the REITs I like health the best long term. I don't have OHI but hold others. Nice yield play.
ReplyDeleteDivHut,
DeleteAfter the HCP dividend cut, I'm a bit concerned about REITs in general. Hopefully all is good and I'll keep the positions small.
MDP
Dividend is safe for awhile but even if it struggles for a couple of years it will right itself. I've been looking but no cash yet to get anything done. But a non dividend sale will be in the future if OHI stays relatively around this price.
ReplyDeleteD&h,
DeleteI think you're right about the dividend. I hope you get the opportunity to buy shares soon if the price is right!
MDP
i have a question that you mentioned in an earlier post once you get to a full position which you said is 10k do you stop dripping shares or do you still continue to drip but just dont add to the position anymore
ReplyDeleteAlex Gregory,
DeleteI continue dripping until I decide to start living off the dividends. The only shares I don't drip are RDS-b. This is because they pay in RDS-a shares and it's a pain having a super small position on the books and is a bit confusing.
MDP
MDP -
ReplyDeleteSimilar to what DH said - love the healthcare space, have small positions in a few from years ago, dividends have been solid thus far, small increases, but obviously - better yields. Congrats on the purchase and keep the eyes peeled on a correction/market drop.
-Lanny
Lanny,
DeleteBeen waiting for the big dip for 7 years. The one in early 2016 was nice. I'll take another one of those!!
MDP
MDP,
ReplyDeleteBig fan of OHI (and I have HCN). Long term, I only see them continuing to crush it.
-Gremlin
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ReplyDelete