Recent Purchase

I recently made a purchase in the investing account with the direct purchase right from the transfer agent.   I purchased $200 worth of Bank of Nova Scotia (BNS) for 3.070188 new shares. I was filled at $65.14. The yield on these shares is 3.81%.  This purchase adds $7.61 to my annual dividend income.

Currently, Bank of Nova Scotia has a 2% discount of shares purchased with reinvested dividends which means the yield will be a little higher. This allows my money to work harder for me. My broker that I use for my main investing does not pass this discount onto me. There are some brokers in Canada that do honor the discount.

Note: As this transaction is through the transfer agent directly, I have to send a check to the transfer agent within there deadline and then wait to the day they advertise (which I know in advance) for new shares to be purchased.  I have no control over the price these new shares will be purchased at. There is no commission doing it this way. The downside is that the stock could go way up in price prior to purchase date and after I already sent the check. Is is also harder to sell the stock using the transfer agent directly.  A person can transfer amount of shares they own over to a broker for a fee.

Disclosure : Long BNS


DISCLAIMER:

     I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice.  Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk

Dividend Increase Killam Properties.

        Killam properties today announced they are increasing their monthly dividend from $0.048333 a share to $0.05 a share ($0.60/ share annually). This represents a 3.45% increase.
       Killam Properties is headquartered in Halifax, Nova Scotia. Killam owns and operates overt 12000 apartment units and over 7400 manufactured home communities in Atlantic Canada and Ontario. The company started in 2002 and now owns 206 properties.
       Killam Properties is not a Real Estate Investment Trust.  They are established as a corporation which means they are taxed at the corporate level and do not have to pay out 90% of their profits to their shareholders. In Canada, the dividend from Killam Properties qualifies for the dividend tax credit. Killam Properties started paying a dividend in 2007.

I currently hold Killam Properties in two accounts.

                                                         In the Halifax Area

Photo Credit: Killam Properties website

Disclosure: Long KMP.TO

DISCLAIMER:

     I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice.  Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk

Recent Trade

I recently purchased shares in a high tech company that is struggling. The company is Blackberry Ltd.  Blackberry, formerly Research in Motion, is  a high-tech company headquartered in Waterloo, Ontario. The company signature product is Blackberry, a smart phone. Unlike their competition, Blackberry as a keypad instead of a touch screen.

Blackberry is supposedly a better secure phone than the competitors. The company is currently struggling as Apple and Android have more apps then Blackberry does. Blackberry was a very profitable company just a few years back.

I recently purchased 500 shares at $6.25 on the Toronto Stock Exchange. My plan with this stock was to do a quick trade. Today, my sell order went through at $6.60 for a profit of approximately  $165.00 after commissions.

 

DISCLAIMER:

     I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice.  Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk

Dividend Increase

I am invested in Enbridge in 2 accounts. Enbridge is a company headquarted in Calgary, Alberta Canada and employs around 10000 people in Canada and the United States.  Enbridge is involved in distribution of energy. transportation of energy and generation of energy. 
   In 1949, a pipleline was envisioned to carry Leduc crude to refineries in Regina, Saskatchewan. Enbridge eventually expanded across western Canada and into the United States. Since 1949, Enbridge was awarded shareholders with about average annual return of 13%.

Enbridge recently announced a dividend increase of 11% starting March 31, 2014. The Dividend History shows the increase in dividends over time.  My dividend income from Enbridge increases and I did absolutely nothing but own some shares. I will take increases like this to my income and be grateful.

 My non-registered shares of Enbridge are owned through a transfer agent. This is a true DRIP so all my dividend income received is reinvested to purchase fractional shares. So my money is working harder and harder for me with each dividend payment.

Disclosure : Long ENB

DISCLAIMER:

     I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice.  Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk

Dividend Income for November 2013

November 2013 has come and gone. During the month, passive income through dividends having been paid to me.
The total for this month is  $203.04. This is roughly an 11% increase from 3 months ago . This increase in dividend income is due to dripping a few companies. I also made a new purchase in Emera in which I qualified for the recent dividend paid in November. The total dividends of $203.04 represents a 55% yoy increase from November 2012.
 

Not included in this amount is a distribution payment from Dundee REIT in my margin account. This is a trade and all income will stay in this account to help grow the cash in this account to be used for investing or transferred to the TFSA for the same purpose. As this a trade, I am treating it different.
Currently, the income received from Dundee REIT in the margin account is $259.47 after 6 months.
I will update my dividend tab with the above  total.

DISCLAIMER:

     I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice.  Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk

Recent Purchase

Recently I made purchase for a long time hold in my TFSA, or tax free savings account..


I averaged down my position of Dundee REIT (D.UN.To)) as Dundee REIT was trading near a 52 week low.  I purchased 32 shares @27.25for a total of 877.06 with commissions. The yield on this purchase is 8.75%.   This purchased added $71.68 to my annual dividend income.  I own Dundee REIT in a non-registered account (300 units) and with this new purchase 89 shares in my TFSA.

Dundee REIT traded on the Toronto Stock Exchange. Dundee REIT is an unincorporated, open-ended real estate investment trust.  Dundee REIT owns real estate assets totalling approximately 24.1 million square feet of gross leaseable area in major urban centres across Canada. A couple of years back Dundee REIT acquired Whiterock REIT, which I owned at that time.

I will update my investing portfolio tab in early January.

Disclosure : Long D.UN.TO


DISCLAIMER:

     I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice.  Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk

Portfolio Update for Nov 2013

November 2013s now behind us and it is time to update the portfolio. I did not make any purchases this month and grew my cash position. My cash position currently represents 7.62 % of my portfolio.


I also DRIP a few stocks and acquired a few more shares though this avenue.
   - 6 shares of Just Energy (JE.TO) @ $7.56
    - 2 shares of Enerplus (ERF.TO) @ $18.22

Both of these reinvestments lower my adjusted cost basis in both of these stocks, which basically means my yield on cost goes up.
   
The value of the portfolio bounces around, but the income that the portfolio generates is steady and will increase over time. The income from my portfolio, will be used to help escape the rat race.


I have updated my investment tab spread sheet.


DISCLAIMER:

     I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice.  Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk