I recently became aware of what a good deal Viacom, Inc. is for a dividend stock. Viacom is an “entertainment content company” and produces, finances, and distributes content in television and film. They work with Disney, MTV, Paramount, Nickelodeon, and more.
Recently, I bought 20 shares of VIA at $48.36 per share, and then after the price dipped, I bought another 22 shares at $44.20.
Currently, Viacom’s PE Ratio is around 8, which is an insane deal considering the dividend yield is over 3.5%. Their dividend growth history only goes back about 6 years, but it has been growing about 20% every year, and with a payout ratio of only 28%, it seems like that will continue.
This puts me at $703.32/$600.00 for my annual passive income goal for 2016, and $58.61/$100.00 for my average monthly passive income long term goal. It seems that I neglected to do the math on my annual dividend income after the last couple of purchases, and didn’t realize that I REACHED MY GOAL FOR 2016!!! I will probably do a mid year review of my 2016 goals soon, it’s exciting to have one of those completed.