Sunday, December 14, 2014

Recent Buy

Last Friday was terrible! Every share on my portfolio except Realty Income Corp (O) was going down. This of course created a great opportunity to buy some shares!
So I bought 33 shares of Verizon Communications Inc. (VZ).

Description:

"Verizon Communications Inc. (Verizon) is a holding company. Through its subsidiaries, Verizon is engaged in delivering broadband and other wireless and wireline communications services to consumer, business, Government and wholesale customers. The Company operates through two segments: Wireless and Wireline. Verizon Wireless’s communications products and services include wireless voice and data services and equipment sales. Wireline’s communications products and services include voice, Internet access, broadband video and data, Internet protocol network services, network access, long distance and other services. As of June 30, 2014, the Company had 104.6 million retail connections, including 98.6 million retail postpaid connections. Verizon also provides converged communications, information and entertainment services over America’s fiber-optic network, and delivers integrated business solutions to customers in approximately 150 countries."

Verizon (VZ) has been increasing dividend for 10- years, according to Dividend Champion's list. And it is so called "Dividend Contender" (10-24 Straight Years Higher Dividends).

Verizon Communications Inc. (VZ) is currently trading at $45.56 with a P/E 9.46, EPS 4.82 and
Div/yield $0.55/4.83%. 

This purchase increases my annual dividend income by $72.60

Recently Verizon has been falling, because the company recently announced press release that Verizon fourth-quarter wireless margins will be hurt as phone discounts and price promotions led to a surge in new monthly subscribers. Also, AT&T Chief Financial Officer John Stephens said that rival promotions are luring away some customers and squeezing margins this quarter.

I believe that Verizon is a good company to own in long-term. And now you get a little bit of a discount.

I also updated my portfolio.



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6 comments:

  1. SamDecember 15, 2014 at 12:26 AM

    Nice! I thought about buying some Verizon myself. I just started with my dividend portfolio, but I don't currently own any telecommunications stocks. Thanks for posting and I look forward to following your journey!

    Regards, Sam

    ReplyDelete
    Replies
    1. ANHADecember 17, 2014 at 12:53 AM

      Hi Sam!
      Good that you have started your portfolio, its never too late!
      ty for visiting!
      Cya again!

      Delete
  2. Monsieur DividendeDecember 15, 2014 at 5:58 PM

    Hey! It's funny. I also bought some Verizon, but on thursday. Guess you picked a better day! Oh well. ;-)

    ReplyDelete
    Replies
    1. ANHADecember 17, 2014 at 12:50 AM

      Hi JohnnyCa$h!
      Yeah.. lucky pick there.
      Glad to be fellow shareholder.
      Ty for visiting!
      cheers.

      Delete
  3. DivHutDecember 18, 2014 at 11:29 AM

    Thanks for sharing your recent buy of VZ. I know that VZ and T are quite popular among many of the dividend bloggers. I don't hold either in my portfolio nor plan to. Telecom, like retail and tech stocks seem to have too many long term headwinds for my liking. I think margins will continue to get squeezed from the mobile businesses and they'll have to make up their income elsewhere.

    ReplyDelete
    Replies
    1. ANHAJanuary 2, 2015 at 1:35 PM

      Hey DivHut!
      I like VZ and T, both of them are big companies and big companies usually finds a way to make more money. They can always buy something that is trending.
      But hey thanks for sharing your thoughts!

      Delete

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