More than a week after the unexpected elections in the US the market in general keeps climbing higher. S&P 500 index for example is practically at ATH (all time high) level. It's impossible to buy anything in these conditions right? Well, not quite so I think. I have made two small additional purchases to my existing positions in The Coca-Cola Company (KO) and Unilever N.V. (UNA.AS).
Buy in USD - The Coca-Cola Company (KO)
Trade Price: 40.95
Sector: Consumers - Soft Drinks
Payout Ratio: 80%
Dividend Increase Streak Years: 54
Annualized Dividend Growth 3-yr: 9,0%
S&P Credit Rating: AA-
Buy in EUR - Unilever N.V. (UNA.AS)
Trade Price: 36.35
Sector: Consumers - Personal Products
Payout Ratio: 74%
Dividend Increase Streak Years: 9
Annualized Dividend Growth 3-yr: 7,8%
S&P Credit Rating: A+
A little bit surprisingly I was able to buy these two consumer goods giants near 52-week low prices. So, clearly this sector has come down from sky-high valuations, which is great news for many dividend growth investors. Still we can't really speak about discount prices here. But many positives apply to both companies: pleasant yield around 3,5% with manageable payout ratio, strong credit rating, very many consecutive years of dividend raises (for Unilever actually much more than 9 years, but currency change and extra dividend some 10 years ago mess up calculations), globally known brands, dividend increase expected in February (Coke) and April (Unilever). And so on.
Thanks for reading. My Portfolio page has been updated to reflect these trades.
Disclosure: Long KO, UNA.AS
Image courtesy of tiverylucky at FreeDigitalPhotos.net