Friday, May 31, 2013

Bought: Pfizer (NYSE: PFE)

Even though the balance of my trading account has been trending down this week, I’m a pretty happy camper given there are some stocks I’ve been watching for months that are finally trading at attractive valuations. In-line with my goals of increasing my holdings I’m comfortable with for the long-term, and adding some US dollar exposure to my portfolio, today I doubled my position in Pfizer.

With a dividend yield of 3.5%, a reasonable 43% payout ratio, a history of dividend growth, and a strong commitment to R&D, I’m pleased to have picked Pfizer up on a dip today.

A couple other companies I’ve been keeping a close on lately: Telus, Coca-Cola, and Enbridge Income Fund Holdings Inc.

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