Today I decided to initiate a position in BP.
- BP: 200 shares @ $15.75 --- Yield 16.00% (Realistically 4% if reduced by 75%)
Total capital invested invested is $3150 and will increase my yearly dividend by $504.00.
I've owned shares of BP in past and am glad to re-enter the position at a fairly reasonable price. These are treacherous times in the energy sector and I realize this dividend is beyond fragile.
I'll be watching the REITs closely as they have all been left for dead. I probably won't add any more OHI, but O, SPG, and WFC are certainly worth looking at closer. It is not uncommon to see 20-30% yields across the REIT sector.
I wouldn't mind building up my BP position to 500 shares and will likely add more at these price levels. I do feel better knowing that virtually every sector has bargains so I’m not limited to beat down oil and banks.
I'll be watching the REITs closely as they have all been left for dead. I probably won't add any more OHI, but O, SPG, and WFC are certainly worth looking at closer. It is not uncommon to see 20-30% yields across the REIT sector.
I wouldn't mind building up my BP position to 500 shares and will likely add more at these price levels. I do feel better knowing that virtually every sector has bargains so I’m not limited to beat down oil and banks.
Be safe everyone.
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