I have owned stocks across a wide range of industries and sectors through the years. My portfolio has included biotech, consumer goods, energy, financial, medical device, real estate, retail, technology, telecom, and utility stocks plus more.

However, I don't recall ever investing in an auto stock -- until recently. Last week, I initiated a new position in Honda Motor (NYSE: HMC). Here's why I just loaded up on this ultra-high-yield dividend stock.

Let's face it: Many U.S. stocks are valued at a premium right now. The S 500 Shiller CAPE ratio isn't too far below its all-time high. I'm not a nervous Nellie expecting the bottom to drop out over the near term. However, I don't want to pay too much for a stock.

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Source Fool.com