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. 

Actions

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.