It has been a looooong time since my last acquisition, almost 4 months going way back in May! I am sure glad to get back into buying mode and I believe I really found a good one with this recent acquisition. Viacom, Inc. (VIAB) has been on my watch list of companies I want to own for the longest now and with ongoing event that the company has been going through made it much more advantageous for me to scoop up some shares. If you are wondering what event I am talking about simply google it, since it is all over the news. Just something about family legal disputes. Really a short term problem for a long term gain in my eyes. I hope to see a nice price appreciation with consistently growing dividend payouts in the future. Win and win deal in my book, as I continue to buy assets and create further cashflow.
Company Overview: Viacom Inc. was founded in 1971 and is headquartered in New York, New York. The company operates a global mass media business with interests in cinema and cable television. It creates television programs, motion pictures, short-term content, applications, games, consumer products, and other entertainment content. The company operates through two main segments, Media Networks and Filmed Entertainment. The Media Networks segment of business owns and has interest in over 250 locally programmed and operated TV channels, including Nickelodeon, Comedy Central, MTV, VH1, Spike TV, BET, CMT, TV Land, Nick at Nite, Nick Jr., Channel 5 (UK), Logo, Nicktoons, TeenNick, Paramount Channel, and others. The Filmed Entertainment segment produces, finances, acquires and distributes motion pictures, television programing and other entertainment content under Paramount Pictures and other subsidiaries. The company releases its content through download-to-own, download-to-rent, DVDs, Blu-ray discs, transactional video-on-demand, pay television, subscription video-on-demand, basic cable television, free television, and free video-on-demand, as well as airlines and hotels.
- Dividend Yield: 3.7%
- 5Yr Dividend Growth Rate: 30.7%
- Payout Ratio: 40.7%
- P/E: 8.3
- Consecutive Years of Dividend Raises: 6
I purchased 45 shares for the price of $43.19 adding $72.00 to my annual dividend income.
This is the 5th time I am initiating a stock acquisition this year. This transaction is my first ever purchase of VIAB shares into the portfolio. Currently, VIAB ownership stake represents to be around 2.1% of my current portfolio value. Also, the acquisition of VIAB makes it the 35th company I am invested in.
The 12-month dividend income increased to $2,642.
Thank you for reading & have a great day!