On Wednesday, July 10th, I added Realty Income (O) as another pillar in my portfolio at a price of $43.16. I previously wrote an article titled "4 Dividend Growth Stocks That Are The Pillars Of My Portfolio." In that article, I discussed the four stocks I own and the attributes they have that make them the pillars of my portfolio. These attributes are sustainable product, wide moat, rising dividend and a reasonable entry price. In June of 2012, I added Walgreen (WAG) as a fifth pillar and have now added Realty Income. The pillars of my portfolio are companies I never intend to sell unless the business conditions deteriorate.
Reviewing my portfolio over the last few months, I came to the conclusion that I needed a high yielder. Although all the stocks I own pay a nice dividend and all the dividends have steadily been raised, the overall yield of the portfolio was less than I wanted. Several weeks ago, I bought Procter & Gamble (PG) -- nice 3% yield -- but felt that P&G was too similar to other, so-called, defensive stocks I own.
Source: Seeking Alpha
Related Articles:
- 8 Stocks With Strong Dividend Growth Metrics
- 10 Dividend Stocks Balancing Yield And Growth
- Defense Stocks May Not Be Defensive Stocks
- 10 Dividend Stocks That Gave Me A 20%+ Annualized Return
- All Investments Carry Risk
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