Recent Buy

    I was looking for a company that didn't have much exposure to the energy sector and trading well below its 52 week low.  In order for an economy to keep moving, goods have to be transported from one location to another. These goods consist of fuel, groceries, supplies, etc.  As the saying goes, "if you got it a truck brought it"

    I noticed the 52 week high for Transforce (Ticker Symbol TFI) is $31.24.  I put in a limit order to purchase 50 shares at $21.88 today and the order was filled inside my TFSA.  This purchased price is 30% below the 52 week high.   Transforce is involved in the transportation of full truck loads, LTL, courier shipments, intermodal and variety of other type of shipments.  They have multiple companies under their umbrella.  Trucks are required to keep the economy moving.  The transport goods across North America.

    The current dividend is $0.68 per share annually.  The total cost for my purchase was $1099.12.  Therefore, my yield on cost is 3.09%.  This adds $34.00 to my annual dividend income.  If fact, the company announced today a quarterly dividend of $0.17 per share will be paid on April 15 2016 to shareholders on record on Mar 31, 2016.

As per Thompson Reuters, Transforce has a 3 year dividend growth of 10.43% and a 5 year dividend growth of 11.20%.

I will update my investing tab spreadsheet in early April to reflect this purchase.

 Disclosure:  Long TFI

 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 Activity

   I have not wrote in a while.  I bought back my call option in QSR and then sold the 100 shares.  I ended up doing a mistake in my account by clicking on sell inside of buy to cover the 100 shares and ended up with 2 contracts instead of one.  I owned only 100 shares so this would make the second contract a naked call. So the 2 contracts were averaged out and bought to close. I then sold my 100 shares of QSR on their own.
   I recently wrote a covered call in TD bank with a strike price of $56.00 and an expiration date of Apr 15.  The activity on the options exchange in Canada is very low, so it makes it difficult to trade options on most stocks.  As I am not with Interactive Brokers, my commission is rather high making in more difficult to trade options in this manner.
    I recently sold 3 cover call contracts in the etf XDV.  The premium, without commissions, was $0.75 per contract.  The option is April 15 2016 with a strike price of $21.00.  Right now the call option is in the money.  If the price of the stock remains above $21.00, my 300 units of the ETF will be called away.  I will come out with a small profit not including the distributions that were collected while holding the units over the past several months.
      On Mar 15, there was some weakness in the stock price of QSR again.  So I sold a Apr 15 2015 $48 put option for a premium of $64.05 including commissions.  If the price of QSR stock stays above the strike price I get to keep the premium and do not own the stock.  If the price of QSR falls below the strike price, I may be assigned the option.  If assigned, I will have a reduced cost basis for the stock.  Selling a put option allows an investor to get paid while waiting for the price of the stock to go down.
     QSR is a very volatile stock although the underlying businesses that make up the company, Restaurant Brands International, are Burger King and Tim Hortons.  Up here in Canada, Tim Hortons is a staple as 8 out of every 10 cups of coffee are served by Tim Hortons.  Burger King is not very busy up here in Canada for some reason.  There is a lot more McDonalds then Burger King here in Canada.  Some parts of Canada are in a recession or starting to go to a recession, people still want their coffee. 

Disclosure:  Long TD, QSR and XDV

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 Update - February 2016

      The month of February is another month of dividend income landing in my accounts. This money is used to help pay my expenses if it is needed. If the money is not needed, it is ALL used to purchase new investments to further increase my cash flow.

       The price of a barrel of crude oil is currently near $34 a barrel.  Tensions appear to be brewing between Saudi Arabia and Iran.  Also, recently at a major energy conference, the Saudis said they can live with low oil prices.  Unfortunately, in Western Canada, the companies need higher oil prices to make it worthwhile to even have the rigs drilling for oil.

       The low oil prices continue to have an effect on the economy in Western Canada and starting to have a major ripple effect across Canada.  As a lot of communities across Canada, have residents who work in the construction and oilfields of Western Canada, these higher earners are now collecting Employment insurance or have no income coming in at all.

      One thing for sure, is that I was paid dividends and distributions for being a shareholder or unit holder in  various companies or funds.

 Non-registered Account

• Bank of Montreal (BMO) - $29.40
• Emera Inc. (EMA) - $47.50
• Enerplus (ERF)  -$ 16.53
• Killam Properties REIT (KMP.UN)  - $5.75
• Shaw Communications (SJR.B)    - $19.75
• iShares Canadian Select Dividend ETF (XDV)- $25.39
• Royal Bank of Canada (RY.TO ) - $79.00

TFSA

• Boston Pizza  Royalties Fund (BPF.UN)   - $26.91
• Claymore 1-5 yr Laddered Corporate Bond ETF (CBO)  - $0.70
• Cominar REIT (CUF.UN ) - $5.39
• Dream Office REIT   (D.UN)  - $ 25.95
• Killam Properties REIT (KMP.UN) - $  15.00

Total = $297.27

        This total represents a 0.037 % increase from 3 months ago and 1.596% increase  year over year. 

      I also received another distribution payment of $56.00 for my swing trade in Dream Office REIT in my non-registered account. This is not listed above since it is a trade, so I keep the money in the account and do not pay myself first with this payment. I have received $1771.47 in distributions so far on this trade.

 
      I will update my dividend income tab with the new amount. It is great to see money from passive income sources deposited into my brokerage account every single month.

How was your dividend income for February?

Disclosure : Long all securities above.

Photo Credit: www.mipaq,co.za

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 - Feb 2016

    The month of February has come and gone.  There continues to be lots of layoffs in Western Canada due to the low oil prices.  The ripple effect of these layoffs has started all across the country.  Lots of people from other parts of Canada fly back and forth to Alberta to work in the oil patch and companies that service the oil patch.  Why do they do this?  These jobs pay a lot more than a regular job were they live.  The downside for most of these people, is that they spend too much money instead of saving and investing it, and then are stuck flying back and forth out to Western Canada.

    A wrote a post on my dividend income for the month of January. The post detailed my highest ever monthly total of dividend income. This goes to show you the power of compounding, reinvesting dividends and dividend growth investing.  Passing the $400 mark in one month is a great feeling. 

    I wrote about selling another covered call in my margin account in QSR, after one had expired.  I continue to do this has the stock pays a low yield.  As of right now, the price of the stock has shot up higher than the strike price of $48.00.  The covered call expires April 15, 2015.  A cover call allows the seller of the option to collect  a premium up front for being obligated to sell the shares at $48.00, my strike price,  before or at option expiration. The option seller gets to keep the premium regardless if the market goes up, down , or sideways. 

Shares Acquired Though Drip

              4 shares of Enerplus @$3.9959 for a total of $15.98
              1 unit of Dream REIT @ $15.71 for a total of $15.71
              1 unit of Killam Properties REIT @ 10.72 for a total of $10.72.

     As of  Mar 3,  the value of my portfolio stands at $81081.01. This is an increase of  4.91% over last month. I will update my investing account tab above.

Disclosure: Long  all mentioned securities.

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 be NOT 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