Jul 15, 2015

Stock Purchase - added more WPC (20 shares, $76 dividend income)

More market volatility caused by never ending Greek debt crisis and China's new Macao (namely their stock market) provided an opportunity to add to my REIT holding in W.P. Carey (NYSE: WPC).

I first bought W.P Carey in June (above $61 per share) so averaging lower below $60 makes it even better. I believe this company will continue to be profitable long term regardless of what world markets do. 18 consecutive yrs of increasing dividend (Dividend Contender on David Fish's list) is also a nice vote of confidence.

At current prices, dividend yield is approaching 6.4% so this is too good of a deal to pass up !
This purchase will add another $76/yr passive income to my dividend income portfolio

Basic info:
Market CAP: 6.6B EPS: $1.20 Dividend: 6.4%


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