Yesterday, I bought shares of IFC-T and BAX-N.
IFC: 100 shares @ $58.60 + $9.95 commission
BAX: 75 shares @ $70.9 + $9.95 commission
I added $5,900 in new capital to fund part of my purchases.
Intact Financial will add $176.00 to my forward 12-month dividends.
Because I have very little cash left in my RSP, Baxter is held in my TFSA which means I’ll be paying a 15% withholding tax on the dividend. This purchase will add $124.95 to my forward 12-month dividends: ($147 – 15% = $124.95).
My forward 12-month dividends now stand at $4,520.13.