Tuesday, 12 November 2013

Telus Increases Dividend


On November 8, Telus increased its dividend for the second time this year, from $0.34 to $0.36 per year, or 5.9%. The first increase was from $0.32 to $0.34, for a total 2013 dividend increase of 12.5%. I’m counting this as a 2014 increase as the dividend will be paid in January 2014.

As of today, my dividend increases for 2014 are:

Company
2014 Div. Increase
$$$ Increase
Telus
5.9%
$12.00
Vodafone*
8%
$34.00
Total

$46.00
            * Based on GBP to USD = 1.54

My forward 12-month dividends stand at $5,252.58.

Monday, 11 November 2013

New Purchase - GreenStar Agricultural Corp.

I added 1000 more shares of GRE today.

September/October purchase: 2100 @ $1.0704 ($1.0657 before commission); initial dividend yield 5.61%

Today’s purchase: 1000 @ $0.94 ($0.93 before commission); initial dividend yield 6.38%

My average cost per share, including commission, is $1.0283.


This purchase will add $60.00 to my forward 12-month dividends, which sits at $5,252.58.


My last two purchases have added significant risk to my portfolio so I'm looking to add more blue chip shares to compensate. One possibility is to trade one of my over valued stocks for something undervalued, like BAX or TGT.



Thursday, 7 November 2013

New Purchase - DLR

I added 30 more shares of DLR today.

August 2013 purchase: 30 @ $55.13 ($54.80 before commission); initial dividend yield 5.66%

Today’s purchase: 30 @ $47.18 ($46.85 before commission); initial dividend yield 6.61%

My average cost per share, including commission, is $51.16.

This purchase will add $93.60 to my forward 12-month dividends, which sits at $5,180.58.

Wednesday, 6 November 2013

Sold BNS and IFC, 100 INTC Shares Called Away


I recently sold BNS and IFC to raise money for home renovations.

Bought 125 shares of BNS @ $59.75 and sold @ $63.48 for $466.25 in capital gains + $227.50 in dividends. Total return of 9.3% over 7.5 months.

Bought 100 shares of IFC @ $58.70 and sold @ $65.53 for $683.00 in capital gains + $88 in dividends. Total return of 13.3% over 6 months.

Both these companies were held in my margin account. The plan is to repurchase shares on margin @ 4.25% interest. That way, I can deduct the interest on my income taxes where as a home renovation loan is not tax deductable.

I also had 100 shares of INTC called away. I had sold 2 calls on August 29, 2013 (2 INTC January '14 $21 call @ $2.18 (+ $12.45 commission)).

These transactions have reduced my forward 12 month dividends by $575, which now stands at $5,086.98.