Last post I mentioned that I have sold my shares of INTC due to number of company and shareholder problems. I guess that is the wonderful thing about investing in secondary market. You can buy and sell many different types of business ownerships at any time, from anywhere in the world, and with any set of capital amount. If the business is not delivering as expected you have the option of dumping it. No hurt feelings, none asked, no questions, no explanations. Easy!
I have completed an additional acquisition of shares in already owned company that is just on fire. Here it is.
American Realty Capital Properties owns over a thousand buildings of some most reliable brands in the world operate from. Companies like Walgreens, CVS, FedEx, General Electric, Goodyear, KFC, Family Dollar, Proctor & Gamble, Taco Bell, and Pizza Hut to name a few. The company simply collects rent from these tenants in which then it distributes a minimum of 90% of the taxable income received to the shareholders. Their strategy on their home page is designed to reward the owners with generated rental income in the form of dividends. The portfolio of properties is well diversified by tenant, industry and geography while also maintaining lease durations of 10-12 years.
- Dividend Yield: 7.92%
- Payout Ratio: 87.7%
- Forward P/E: 10.6
- Monthly Dividends
- Huge Potential
I purchased 110 shares for the price of $12.70 adding $109.96 to my annual income.
The 12-month dividend income increased to $2,416.