Thursday, December 21, 2017

Recent Buy: Dominion Energy

And there goes my four months of driving for Uber money.

On December 21, I bought 12 shares of Dominion Energy (D) at $81.05.  D is currently trading near its historic yield and valuation.  With the tax bill temporarily causing an overreaction in utilities I decided to take the opportunity.  

Forward dividend stands at $5,799.12.

Anyone noticing healthcare reits are getting hammered? HCN and VTR are my two biggest bleeders. The tax bill gave no tax breaks to reits because of the 90% flow-through rule and the market decided to hammer them.  Might put some of these stocks on your research list for 2018.  I know I will.

4 comments:

  1. Nice buy - over 4% forward yield. I opened a small position with D recently too (at a slightly higher price than you). The overall utility sector is under pressure in the last 2-3 days.

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    1. hey DG, i can't wait for 2018. it might be the year utilities finally drop from their highs and give us a great buying opportunity. the market might get higher but there will always be something to buy

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  2. BDI -

    Nice job! I purchased 58 shares of HCP just yesterday, looking forward to enjoying the first quarter dividend and hopefully dividend increase!

    -Lanny

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    1. hey Lanny, after HCP got rid of their healthcare issues and focus on their core I believe they will make a strong comeback. the only question is when. good job on your buy

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