Last week I made a new buy for my Vrijheid Fonds.
I have a few stocks in my Vrijheid Fonds, which I think are always safe to buy. In the long run, these stocks are always value for your money. One of these stocks is Realty Income (O).
I did a quick scan of the company and the highlights are:
- Realty is almost a Dividend Aristocrats (just a few months to go)
- Dividend coverage AFFO (Adjusted Funds From Operations – the actual cash available for distribution): ~ 85%
- AFFO YoY growth: 7%
- Compound Average Annual Dividend Growth: 4.7%
- Occupancy rate > 98%
- Debt-to-EBITDA ratio: ~ 5.2 (Lowest in 10 years)
- S&P-rating: BBB+
- Dividend Yield: 4.7%
- The stock price has dropped in the last weeks
On the basis of this information/research I think Realty Income is a great stock to have for the long run.
Last week I bought 35 shares of O at $54.49 per share (incl. fees). With this buy I added a little bit more than €10.90 (after taxes) of dividend to my Vrijheid Fonds for this year.
The projected dividend income for 2017 for my Vrijheid Fonds is €3,068.
Again a small step in my journey. And one-step closer to my goal. Has anyone else invested in this company recently? Any feedback is greatly appreciated!
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