DividendVet

Stock Buy $UNP

Selling all of the stake in Baxalta Inc. (BXLT) has opened up better opportunities for the capital to work. I hate to hold on to dead assets, or even worse liability assets. The money is either working or not, simple as that. I much prefer live assets that generate at least multiple dividend yield figures. Therefore, the best opportunity I found was to invest into Union Pacific Corp. (UNP). I find the current price point of the company is exceptionally discounted and trades at bargain prices. The numbers speak for themselves when looked deeper. Though, what I really like about the railroad industry is lack of competition and huge competitive advantage. Also, the company has paid four constant quarterly dividends and should be raising the dividend next quarter. I don’t expect a huge increase due to unknown oil concerns in the future, but I do believe it will be another good raise. Either way, the money in Union Pacific Corp. (UNP) is going to working much harder than it ever could have with Baxalta Inc. (BXLT). 

One of 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 purchased 13 shares for the price of $75.54 adding $28.60 to my annual dividend income.

This is the 14th time I am initiating a stock acquisition this year. This transaction is my additional purchase of UNP shares into the portfolio. As of today, I now hold 45 shares of UNP. Currently, UNP ownership stake represents to be around 5.1% of my current portfolio value.

The 12-month dividend income increased to $2,670.

Thank you for reading & have a great day!

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