Wednesday, November 23, 2016

Recent Buy: Verizon

I've added another great company to the Dividend Scythe! This time around, I've chosen to add Verizon to the portfolio. What attracted me to this company was the seemingly overzealous and breeding type of business that Verizon runs. One has to respect a company that thrives to be the best, even if it means having to charge customers a premium to do so. In addition, I can't over look how many people I know who have the service and have no other complaints that aren't related to the price that is attached to their service. That's saying a lot in the world we live in today. It's a fine product that they market - both telephony and internet services.

Although Verizon has been going through some changes inside their enterprise, functionally they are still the same great company that has taken off through the years. This should therefore solidify them into the future and make it another great company to hold in the portfolio. It was basically as no-brainer to add Verizon alongside the already well performing, AT&T inside the Dividend Scythe. Now let's look at the final compilation of the purchase.

Purchased: 25 shares of VZ @ $49.07/share
Total purchase: $1,236.74
Annual dividend added to the Scythe: $57.75
New Projected Annual Dividend Income: $505.37

And with that, the Scythe has officially passed the $500 mark for annual income. All I have to do is keep the train rolling. Thanks for reading, everyone. 

4 comments:

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  2. Nice addition here nearing that 5% yield. I just bought some too.

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    1. Got to have those big hitters to pull your portfolio's income up!

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  3. The association throughout the years has developed on the trust and the certainty of its database. Verizon goes for making companions instead of clients. https://customercaretoll.com/listings/verizon-customer-support-service-toll-free-phone-number

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