It has been a while since I pulled a trigger and bought a stake into a quality company. I almost feel like it has been too long. I have been searching for a few weeks now and it always brings me great joy searching for new acquisition. I don’t know what it is, but I think I see the light in a dark tunnel. You see I enjoy it because new acquisition will be bringing in new dividends that I hope I can reap for a long time. I think I found the one. I decided to stay within my portfolio add a larger stake in one of my current ownerships. Here is my recent trigger pull.
One fo Americas most recognized companies that links 23 states in the western two-thirds of the country by rail. Union Pacific Corporation has ownership in principal operating company of Union Pacific Railroad. It provides critical transportation role to global supply chain. It is has equally diversified business in agricultural products, automotive, chemicals, coal, industrial product and intermodal. Operates from West Coast and Gulf Coast ports to eastern gateways, connects Canada’s rail system and is the only railroad serving six major Mexico gateways. Union Pacific provides great deal of value to its roughly 10,000 costumers by delivering products in a safe, reliable, fuel-efficient and environmentally responsible manner.
I love my railroad oligopolies, and there are only a few huge companies here in U.S. that are controlling the whole sector. It is a very easy business model to understand. The company has been increasing dividend regularly and I believe we will see it to continue.
- Dividend Yield: 1.9%
- Dividend Growth 5yr: 26.2%
- Payout Ratio: 31%
- P/E: 19.8
I purchased 5 shares for the price of $185.70 adding $18.20 to my annual income.
The 12-month dividend income increased to $2,305.