08-07-2013, 10:40 AM
Hey all, I've got an old retirement plan sitting in some mutual funds that I've requested a transfer over to an online brokerage. I plan on cashing out the funds and investing in a combo of higher yielding dividend growth stocks.
I will have about $8k to invest and I plan on buying 10 different stocks at equal weighting. Since there will be no new money coming into the account, I plan on pooling the dividends from the initial 10 positions and as that builds up I will buy new positions with the goal of eventually reaching a diversified 20 stock portfolio.
Here is a list of the companies I'm currently planning on buying when funds become available, hopefully by the end of this week. I was interested if anyone cares to comment or had any other suggestions. I am looking for 5%+ yield with 5%+ annual dividend growth. I realize COP currently doesn't meet the 5% yield, but figured it was a good, safe and growing yield.
ARCP; American Realty Capital Properties, Inc.; 6.5%
BP; BP plc; 5.2%
COP; ConocoPhillips; 4.1%
DLR; Digital Realty Trust Inc.; 5.7%
LO; Lorillard, Inc.; 5.1%
MO; Altria Group Inc.; 4.9%
OHI; Omega Healthcare Investors Inc.; 6.3%
SO; Southern Company; 4.6%
TCAP; Triangle Capital Corporation; 7.3%
TGH; Textainer Group Holdings Limited; 5.2%
Thoughts?
I will have about $8k to invest and I plan on buying 10 different stocks at equal weighting. Since there will be no new money coming into the account, I plan on pooling the dividends from the initial 10 positions and as that builds up I will buy new positions with the goal of eventually reaching a diversified 20 stock portfolio.
Here is a list of the companies I'm currently planning on buying when funds become available, hopefully by the end of this week. I was interested if anyone cares to comment or had any other suggestions. I am looking for 5%+ yield with 5%+ annual dividend growth. I realize COP currently doesn't meet the 5% yield, but figured it was a good, safe and growing yield.
ARCP; American Realty Capital Properties, Inc.; 6.5%
BP; BP plc; 5.2%
COP; ConocoPhillips; 4.1%
DLR; Digital Realty Trust Inc.; 5.7%
LO; Lorillard, Inc.; 5.1%
MO; Altria Group Inc.; 4.9%
OHI; Omega Healthcare Investors Inc.; 6.3%
SO; Southern Company; 4.6%
TCAP; Triangle Capital Corporation; 7.3%
TGH; Textainer Group Holdings Limited; 5.2%
Thoughts?