Recent Buy

Over the last few days, the stock market had a pull back.  People were selling out of fear. This is what an amateur investor often does.

When stocks fall in value without some major news about the underlying company, this means opportunity knocking at your door.  For days like the last few days in the capital markets, an investor should have some "dry powder" available to take advantage of the opportunity.

Investors want their money to work hard for them.  The lower the stock price, the harder your money will work for you.  This is because the price of the stock and the yield has an inverse correlation.  An investor must first search for any news about the stock that might of cause some investors to sell.

Purchase

On October 25, I placed a limit order to purchase 3 shares of  Royal Bank of Canada ( RY.TO) at $94.57 for a total cost of $288.67.  This position was made inside my TFSA.  For full disclosure, I went long RY.TO in my trading account on the very same day as well.

RY.TO has traded between $93.13 and $108.52 over the last 52 weeks.  The stock has fallen by about $10 over the last month.

Royal Bank pays a dividend of $3.92 per share per year, or $0.98 per share quarterly.  This purchase adds $11.76 to my annual dividend income.  The yield on cost for this purchase is 4.07%.  For comparison, the annual interest rate on my high yield savings account is 1.25%.

I would of like to have bought more shares but didn't have the dry powder available.

The stock traded ex-dividend on October 24, therefore I will not receive the quarterly dividend payment in November.

I will update my investing tab spreadsheet in early November with this new position.

Did you advantage of the market pull back during the last week?  

Disclosure:  Long RY.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 Purchases

I recently did a stock analysis on a telecommunications company in Canada.  Canada has what is known as the big 3 when it comes to telecommunications.  These companies are Bell Canada Enterprises, Rogers Communications and Telus Corporation.

To read the stock analysis on Telus Corporation, click here. 

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Purchase # 1


On October 1, I purchases 100 shares of Telus Corporation in my margin account.  I purchased the shares at $47.38 for a total cost of $4743.30 including commissions.

Currently, Telus Corporation (T.TO) pays an $2.10 annual dividend per share paid out over four quarters.  Therefore, this new purchase $210.00 to my annual dividend income.  The yield on cost of the purchase comes in at 4.43%.   

If you click on the link above, I stated on wasn't comfortable on buying Telus at a price over $47.00.  So my plan is to sell cover calls on this position, which was the plan from the get go.

Purchase # 2

On October 4, I purchased 24 shares of T.TO inside my margin account.  I purchased the shares at a price of $45.80 per share for a total cost of $1104.15 including commissions.

This purchase adds $50.40 to my annual dividend income.  The yield on cost of this purchase comes in at 4.56%

Summary

These purchases add $260.40 to my annual dividend income.

As we can not time the market, I would of like a lower price on the purchase in the margin account. As stated, I will be selling covered calls on this position.  My fair dividends from Telus Corporation, I will openly take.

The purchase inside my TFSA will be a long term hold.  Wish I had more money in the TFSA at the time of the purchase.

Telus Corporation also trades on the New York Stock Exchange under the ticker symbol TU.  

I will update my investing tab spreadsheet in early November to reflect these changes.

Disclosure:  Long T.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.

Dividend Income Update - September 2018

      

        The month of September 2018 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.

       

 Non-registered Accounts

• Cineplex  (CGX) - $14.50
• Enbridge (ENB) - $201.30  
• Enbridge (ENB) - $17.37
• Enerplus (ERF)  -$ 5.58
• High Liner Foods (HLF) - $42.05
• Shaw Communications (SJR.B)  - $19.75
• WestJet Airlines (WJA) - $28.00

Subtotal :  $328.55

TFSA

• A&W Royalties Income Fund (AW.UN) - $5.36
• Boston Pizza Royalties Income Fund   (BPF.UN) - $26.91
• Brookfield Renewables Partners (BEP.UN) - $20.81
• Canadian National Railway (CNR) - $17.29
• Cominar REIT (CUF.UN) - $10.80
• Dream Office REIT   (D.UN)  - $14.00
• Enbridge (ENB) - $22.14
• Horizons Natural Gas Yield ETF (HNY)  - $6.65
• iShares 1-5 yr Laddered Canadian Corporate Bond ETF (CBO) - $0.57
• Killam Properties REIT (KMP.UN) - $  16.11

Subtotal:  $140.64

Total = $469.19

    I received a total of $469.19 in dividend income for the month of September 2018.  This represents a 7.79% decrease from 3 months ago and 99.2% increase year over year.  

    The decrease of 7.79% from 3 months ago is attributed mostly to selling my Dream Office REIT position in my margin account.

    I received $64.05 from option premiums within my investment accounts in September 2018.

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

How was your dividend income for September 2018?

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.