Today I initiated a position in HCP
- HCP: 100 shares @ $27.70 --- Yield 5.34%
Total capital invested is $2,776.45 and will add $148.00 to my yearly dividends.
Usually buying HCP below $30 is a pretty good investment idea and hope this continues to be the case. Back in June I liquidate my entire portfolio due to extreme uncertainty with my job. Since then things have stabilized and my cash balance is sitting at just over $400,000. I'll likely keep my cash at that level and will invest anything over $400,000.
Forward dividends are $148.00.