Jul 7, 2017

Recent Stock Sale - Oil Stocks (XOM, BP)

I drive a hybrid vehicle and I see more and more electric vehicles on the road everyday. This is a sure sign of things to come and renewable energy has finally come of age.

I've decided to trim back a few energy stocks namely (NYSE:BP) and (NYSE:XOM). These two fossil fuel giants have been struggling in recent years and I think their situation will only get worst unless they quickly diversify their core business.

With proceeds from this sale, I have added more beaten down REITs like (NYSE: HASI) and (NYSE: KIM).

Looking at the charts below of BP and XOM, one cannot help but wonder if ever these two companies will start to grow again.

May 23, 2017

Live a Good Life Now ?

Stock Purchase - Tanger Factory Outlet Centers (50 shares, $68 dividend income)

Tanger Factory Outlet Centers, Inc. (NYSE: SKT) is a REIT that owns and operates outlet centers in the United States and Canada with more over 2,600 stores representing approximately 400 store brands.
The future of brick and mortar retail is gloomy everywhere you look except online (i.e. Amazon) However I think there is still room for other players in this sector to not just survive but also thrive. I believe Tanger operates in such a specific setting where quality and branding is essential. I like shopping at outlet centers and I believe this shopping experience is the future of retail alongside online retail. I hope so at least while I collect that 5% dividend waiting for the retail landscape future to clear up.

This purchase will add $68 annual dividend income to my dividend stock portfolio

Basic info:
Market CAP: 2.5B   EPS:$1.96 Dividend: $1.37 (5.25%)

Apr 4, 2017

Stock Purchase - Simon Property Group (10 shares, $70 dividend income)

Simon Property Group, Inc. (NYSE: SPG) is a large REIT that owns, develops and manages retail malls and premium shopping outlets in the United States and worldwide.

I have shopped at several of their locations and they do a really good job maintaining the high quality of tenants and services. Online shopping is an increasingly threat to brick & mortar stores but I believe the entire shopping sector pie is big enough for this company to thrive and grow especially in major metropolitan areas worldwide.

A 4% yield is a nice return for any income producing stock especially on a large cap and established player in this competitive REIT sector. I hope to keep this one going for a long time.

This purchase will add $70 annual dividend income to my dividend stock portfolio

Basic info:
Market CAP: 56B   EPS:$5.87 Dividend: $7.00 (4%)

Mar 20, 2017